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Why These High-Yielding Energy Stocks Are Soaring Today

TheMotleyFool

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Why These High-Yielding Energy Stocks Are Soaring Today

Oil prices continue to rebound following their historic plunge into negative territory earlier this week. The June contract for WTI, the leading U.S. oil benchmark, surged more than 30% by 11 a.m. EDT, pushing it back above $18 a barrel.

That rebound ignited a rally across the energy sector. One group that's soaring is high-yielding midstream stocks, with several rising more than 10% in early-morning trading. Leading the way were EnLink Midstream (NYSE: ENLC), Targa Resources (NYSE: TRGP), Western Midstream Partners (NYSE: WES), and DCP Midstream (NYSE: DCP).