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Deep Dive: These U.S. oil stocks are soaring after OPEC’s cut — and more gains are on the way

OPEC’s decision to cut oil production for the first time since 2008 triggered euphoria in the stock market Wednesday. And pending earnings-estimate increases from analysts ought to set a floor under the energy sector and support even higher prices for oil stocks.

West Texas crude oil for January delivery CLF7, +1.78% jumped more than 8%, closing near $49 a barrel.

Among the 36 energy stocks in the benchmark S&P 500 Index SPX, -0.27% 16 were up at least 10% on Wednesday. Here they are:

Company Ticker Industry Closing price – Nov. 29 Closing price – Nov. 30 Price increase
Marathon Oil Corp. MRO, +20.80% Oil and Gas Production $14.95 $18.06 21%
Transocean Ltd.

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