OPEC Shocker Sends Oil Stocks Soaring (DNR, WLL, OAS, CRC, CIE)

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What happened

Crude oil prices spiked more than 6% today after OPEC members reached an understanding on cutting production. That news sent oil stocks rocketing higher. Leading the way were smaller, financially troubled producers Denbury Resources (NYSE: DNR), Whiting Petroleum (NYSE: WLL), Oasis Petroleum (NYSE: OAS), California Resources (NYSE: CRC), and Cobalt International Energy (NYSE: CIE), which all spiked by double digits:

DNR PriceYCharts

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