Energy stocks and ETFs traded up Wednesday afternoon, following the OPEC’s decision to limit its oil output to 32.5 million
barrels per day (bpd), down from a current production of 33.24 million bpd. During the next formal meeting, scheduled for November,
the group will set production levels for each of the member countries, sources said.
Related Link: Oil Stocks Gushing Higher
On News Of OPEC Output Limit Deal
Among energy stocks, no other industry spiked like drillers. Some of the top gainers of the space were:
-
Diamond Offshore Drilling Inc (NYSE: DO) up
7 percent to $17.16
-
Pacific Drilling SA (NYSE: PACD) up 6.6
percent to $3.68
-
Transocean LTD (NYSE: RIG) up 7.4 percent
to $10.11
-
Rowan Companies PLC (NYSE: RDC) up 9
percent to $14.57
-
Parker Drilling Company (NYSE: PKD) up 10
percent to $2.15
-
Nabors Industries Ltd. (NYSE: NBR) up 10
percent to $11.22
-
Pioneer Energy Services Corp (NYSE: PES)
up 10.5 percent to $3.59
-
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) up 8 percent to $20.38
-
Precision Drilling Corp (USA) (NYSE: PDS)
up 11 percent to $4.04
-
Seadrill Ltd (NYSE: SDRL) up 19 percent
to $2.30
-
ENSCO PLC (NYSE: ESV) up 12.5 percent to
$8.17
-
Transocean Partners LLC (NYSE: RIGP) up 8
percent to $11.78
-
Atwood Oceanics, Inc. (NYSE: ATW) up 14
percent to $8.23
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.