Why High-Yielding Oil Stocks Are Soaring Today

Why High-Yielding Oil Stocks Are Soaring Today

What happened Crude oil prices jumped today. WTI, the leading U.S. oil price benchmark, had risen about 4.5% by 11:15 a.m. EDT on Friday. That fueled a big rally in most oil stocks. One subgroup that surged along with oil was midstream companies, which are known for paying high dividends.