Which stocks are based on the price of crude oil ?

There is an index fund directly based on the price of crude--OIL. Nearly all of the oil companies stock prices follow the price of crude. XOM, COP, CVX, etc. The oil drilling stocks are somewhat of a leveraged investment based on the price of oil because when the price drop everyone stops drilling and all of these companies loose money big time. But when the price goes up they make money hand over fist. NBR has dropped from $50 a share to $11 a share. If the price remains at current levels too long NBR will be bankrupt in a couple of years.Which stocks are based on the price of crude oil ?
To make things short rising oil prices are bad for all stocks. The huge decline with the huge increase in the oil boom has brought us to our knees in this economy today. So why does oil rise so much as it did and why didn't it sustain it's high price for a long time you might ask? Speculation of coarse. Before the boom oil supply was high and demand was low so what should that do for the price? Exactly, the rest is history. Not only did the Federal Reserve pump in 1.3 trillion in about a year in 2007-2008 since commodities are based on dollar value this caused the oil to shoot up and the big players behind it that guess what wall street was making billions as all stocks came crashing down. In 2008 only 1 mutual fund made money and it was less than 1 percent. Now that oil is trading around 35 a barrel of crude understand this will be a major force along with 0 to .25% rate from the reserve that is going to fuel something big in the future. Now is the time to buy of coarse and I believe if you see stocks today from a year ago you will see what bargain you are buying at.Which stocks are based on the price of crude oil ?
Stocks traded in the stock market whose underlying corporates are in the business of producing oil, oil refining and oil marketing and distribution.





Secondary linkages may be found and/or imagined to be found with the gas sector stocks and the power generation and distribution stocks.





Sincerely,





Akash


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Oil and gas companies first. Second are companies that make money when oil companies invest billions because the price of oil is high. These include oil service companies and drilling companies
There are many ETF's (59 at last count) that track the price of oil, both short and long, but my favorite is US Oil (USO).