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Crude oil ended 2019 on a high note. The U.S. oil benchmark price, WTI, jumped 11% for the month, closing above $61 a barrel.
That uptick in the oil market fueled shares of U.S. shale-focused energy companies last month. Notable drillers Continental Resources (NYSE: CLR), Concho Energy(NYSE: CXO), Diamondback Energy(NASDAQ: FANG), and Parsley Energy(NYSE: PE) all rallied more than 10% in December, according to data provided by S&P Global Market Intelligence.