⚡ Energy

Understanding how energy markets move is essential for traders watching oil, natural gas, and related equities. Different segments respond differently to oil prices — this hierarchy drives all energy signals.

Quick ETF cheat sheet

ETF	Segment	Type	Expense	Best For
USO	Crude Oil	Futures	0.60-0.79%	Short-term trading
BNO	Crude Oil	Futures (Brent)	0.84-1.14%	International
XOP	E&P	Equal-weight	0.35%	High-beta oil
IEO	E&P	Cap-weight	0.40%	Balanced E&P
XLE	Broad	Cap-weight	0.09%	Defensive energy
OIH	Services	Cap-weight	0.35%	Capex cycle
AMLP	Midstream	MLP	0.85%	Yield (~8%)
ICLN	Clean	Global	0.41%	Broad renewables
TAN	Clean	Solar	0.69%	Solar beta

Key ratios at a glance

Ratio	Rising =	Falling =
XOP/XLE	High-beta leading	Defensive energy
OIH/XOP	Late cycle (services)	Early cycle (producers)
AMLP/XLE	Fee-based valued	Oil rally
ICLN/XLE	Clean winning	Traditional winning