Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Energy Stocks Are Up Big This Week

TheMotleyFool

0 0

Several energy stocks were up by more than 10% this week as of Thursday afternoon. Among the notable names joining that rally were Core Laboratories (NYSE: CLB), Clean Energy Fuels (NASDAQ: CLNE), Oceaneering International (NYSE: OII), and Occidental Petroleum (NYSE: OXY).

A couple of catalysts fueled the surge in energy stocks this week. The biggest driver was the continued improvement in oil prices, which approached a more than two-year high this week. Those higher prices have oil companies growing increasingly optimistic about what's ahead for the oil industry.

Image source: Getty Images.

Source Fool.com

Like: 0

OXY

Share