Why Whiting Petroleum Stock Is Surging Again Today
Shares of Whiting Petroleum (NYSE: WLL) are in rally mode again today, having risen more than 10% by 10:30 a.m. EST on Friday. The energy company is bouncing back after an analyst-fueled sell-off yesterday thanks to some good news from OPEC.
Whiting Petroleum's stock has been bouncing all over the place this week. Shares surged 12.7% on Wednesday thanks to a big uptick in oil prices. Fueling that rally was news that U.S. oil inventory levels had declined sharply as well as reports that OPEC was nearing an agreement to keep a lid on its output.
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Source Fool.com
