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Why Oil and Gas Stocks Sizzled Today

TheMotleyFool

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Why Oil and Gas Stocks Sizzled TodayPhoto, wide shot, wide-angle lens, Coal company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.midjourneyapi.xyz/temp/2a011bdc-adca-4de9-8457-d868b31178cf.png

Oil and gas stocks sizzled today, thanks to a surprise forecast from the Organization of Petroleum Exporting Countries (OPEC). Some of the lesser-known stocks surged the most on Sept. 13, with the following leading the pack as of 2 p.m. EDT.

All eyes were on OPEC's monthly oil market report, scheduled for Sept. 13, to gauge where demand for oil could be headed. Here are the key highlights from OPEC's report:

The last takeaway is the most important and what primarily sent oil stocks soaring today, as until last week, industry experts expected OPEC to cut its 2022 oil demand forecast in the wake of rising COVID-19 cases.

Source Fool.com

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