Oil prices rallied to their highest levels in two and a half years after OPEC+ recently agreed to extend its historic production cuts. On Monday morning, WTI was trading at $71.66 per barrel while Brent crude was changing hands at $73.49, levels they last touched in 2018. Oil and gas stocks have followed suit, with the energy sector’s broad benchmark, the Energy Select Sector SPDR ETF (NYSEARCA:XLE) up 38.2% in the year-to-date. Small-cap oil and gas stocks have, however, been massively outperforming their larger brethren. The sector’s…
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