Why Nordic American Tankers, Teekay Tankers, and Scorpio Tankers Stocks All Popped Today

The cost of shipping oil around the world is on the rise this week, and if you think that might be good news for oil tanker stocks, you're right!

As of 3:20 p.m. EST Wednesday, shares of Nordic American Tankers (NYSE: NAT) are up a strong 8%, Teekay Tankers (NYSE: TNK) is up 10.5%, and Scorpio Tankers (NYSE: STNG) is up 11.4%.

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Source Fool.com