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Why Energy Stocks Are in Rally Mode Today

TheMotleyFool

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Why Energy Stocks Are in Rally Mode TodayPhoto, wide shot, wide-angle lens, Department store, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/57f223bf-67a0-476b-94dd-76010fccb266.png

The energy sector is rebounding today after a brutal start to the week. After going negative earlier on Monday, oil bounced back today as inventory data wasn't worse than the market feared. That helped spark some buying as investors went dumpster diving for beaten-down energy stocks.

That action sent shares of several companies surging. Leading the charge were Delek Logistics Partners (NYSE: DKL), Continental Resources (NYSE: CLR), Kosmos Energy (NYSE: KOS), and Gulfport Energy (NASDAQ: GPOR), which had all rallied more than 10% by 10:45 a.m. EDT on Wednesday.

Image source: Getty Images.

Source Fool.com

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