Oil stocks jumped in morning trading.Occidental Petroleum, Callon, Chevron, Marathon, Continental Resources, ConocoPhillips and Exxon Mobil climbed between 1% and 5%.
Oil prices surged Tuesday, with U.S. crude hitting its highest level since July 2014.West Texas Intermediate crude futures, the U.S. oil benchmark, jumped 5.7% to trade at $101.17 per barrel.International benchmark Brent crude advanced 6.3% to trade at $104.16 per barrel. The contract rose to $105.79 last week, the highest since 2014.
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