Oil & Gas Stock Roundup: Operational Updates and M&A Give Investors Reason to Cheer

Oil meandered along this week, briefly spiking a couple of times on bullish news only to fall back on renewed market skepticism. Overall, crude ended the week about 1% lower to around $46 per barrel as energy traders await an upcoming meeting of major oil producing nations.

That said, while the oil market didn't do much this week it doesn't mean that oil stocks were quiet. According to data from S&P Market Intelligence, several oil stocks notched double-digit gains this week. Leading the way were Zion Oil & Gas (NASDAQ: ZN), Select Energy Services (NYSE: WTTR), Laredo Petroleum (NYSE: LPI).

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Source: Fool.com