What happened
Oil prices are rising today. West Texas Intermediate, the leading US oil price benchmark, closed up 3% to above $85 a barrel. Meanwhile, global oil benchmark Brent rose over 2% to close above $90 a barrel. This ended a three-day dry spell in crude oil prices. The rally comes as a bit of a surprise as it comes on news that more supply is about to enter the market.
This rebound led to a rally oil stocks. Several notable names rose that day, including
