Why Oil Stocks Are In Rally Mode Again Today
Oil prices rose more than 4% by 2:45 p.m. EDT on Friday, which helped fuel oil stocks again. Leading the charge were Core Laboratories (NYSE: CLB), PBF Energy (NYSE: PBF), Gulfport Energy (NASDAQ: GPOR), Patterson-UTI Energy (NASDAQ: PTEN), and Murphy Oil (NYSE: MUR).