Energy stocks get a broad boost from rising crude oil prices

Shares of oil and gas companies traded broadly higher Monday, as crude oil prices climbed toward a fourth-straight gain. The Energy Select Sector SPDR exchange-traded fund XLE rallied 0.8% in premarket trading, with 21 of its 23 equity components trading higher. after rising 4.9% over a five-day win streak through Friday. Among the energy ETF’s more-active components, shares of Occidental Petroleum Corp. OXY advanced 0.9%, Devon Energy Corp. DVN tacked on 0.8%, Marathon Oil Corp. MRO rose 1.

Shares of oil and gas companies traded broadly higher Monday, as crude oil prices climbed toward a fourth-straight gain. The Energy Select Sector SPDR exchange-traded fund XLE rallied 0.8% in premarket trading, with 21 of its 23 equity components trading higher. after rising 4.9% over a five-day win streak through Friday. Among the energy ETF’s more-active components, shares of Occidental Petroleum Corp. OXY advanced 0.9%, Devon Energy Corp. DVN tacked on 0.8%, Marathon Oil Corp. MRO rose 1.

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Source: CNBC - 🏆 12. / 72 Read more »