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As markets wind down for the week Friday, oil prices are continuing to rise, with WTI crude futures up a full percentage point and Brent crude not far behind -- up 0.9%.
That's good news for shares of ConocoPhillips (NYSE: COP) , Phillips 66 (NYSE: PSX) , and Occidental Petroleum (NYSE: OXY) -- all of which are enjoying a second straight day of gains, up 7%, 6.8%, and 9.6%, respectively, as of noon EST.
So what's driving oil prices -- and oil stocks -- higher today?