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 Oil Stocks Are Roaring Higher Today

TheMotleyFool

0 0

Crude oil prices are in rally mode today. The June contract for WTI, the primary U.S. oil benchmark, surged more than 30% to around $16 a barrel. That rebound, along with a few other factors, fueled oil stocks today.

Shares of several oil-related companies were up more than 10% at 11:15 a.m. EDT on Wednesday. Leading the way were SM Energy (NYSE: SM), Matador Resources (NYSE: MTDR), WPX Energy (NYSE: WPX), NGL Energy Partners (NYSE: NGL), and PBF Energy (NYSE: PBF).