Crude Oil Surges Higher, Oil Stocks Soar

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A bounce in crude oil prices has helped to lift Oil and E&P stocks. WTI was up 7.42 percent Tuesday to $53.25 and Brent traded at $57.84, a gain of 5.64 percent.

Since Friday, United States Oil Fund LP (ETF) USO has gained over 20 percent and recently traded at $20.06

Among the stocks making significant gains on Tuesday was Whiting Petroleum Corp WLL which was upgraded by Stifel to Buy. The stock recently traded at $38.38, up 16.20 percent.

Other names investors will want to watch include Samson Oil & Gas Limited (ADR) SSN which gained nearly 25 percent, trading at $0.231.

Emerald Oil Inc EOX also moved higher and recently traded at $1.01, up 14.69 percent.

Shares of Linn Energy LLC LINE rose to $12.44, a gain of 15.52 percent.

Oasis Petroleum Inc. OAS moved up throughout the day and recently traded at $17.74, up 16.18 percent.

Northern Oil & Gas, Inc. NOG surged approximately 10 percent and recently traded at $7.72.

EOG Resources Inc EOG opened higher and traded at $96.62 Tuesday afternoon, up 4.43 percent.

Shares of SM Energy Co SM soared over 19 percent Tuesday and recently traded at $48.72

Posted In: News
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