ENBL - Why High-Yielding Oil Stocks Are Skyrocketing Today
Oil prices are snapping back today following yesterday's historic sell-off. Crude closed more than 10% higher on the day, fueled in part by a rash of spending cuts across the oil sector.
That powered a ferocious rally in the midstream sector. Enable Midstream (NYSE: ENBL), for example, was up a jaw-dropping 131% at 3 p.m. EDT, while NuStar Energy (NYSE: NS), Noble Midstream Partners (NYSE: NBLX), and Western Midstream Partners (NYSE: WES) all rallied more than 20% by the mid-afternoon.
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