CLNE - Why Energy Stocks Are Up Big This Week
Several energy stocks were up by more than 10% this week as of Thursday afternoon. Among the notable names joining that rally were Core Laboratories (NYSE: CLB) , Clean Energy Fuels (NASDAQ: CLNE) , Oceaneering International (NYSE: OII) , and Occidental Petroleum (NYSE: OXY) .
A couple of catalysts fueled the surge in energy stocks this week. The biggest driver was the continued improvement in oil prices, which approached a more than two-year high this week. Those higher prices have oil companies growing increasingly optimistic about what's ahead for the oil industry .
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Why Energy Stocks Are Up Big This Week