This week, the stock market got a major boost when ExxonMobil announced plans to drill in the Marcellus Shale.
And we asked a few oil experts about what to trade.
Here are five ways you can trade oil stocks.
Oil stocks in the news:Oil stocks: ExxonMobil is the world’s largest producer of oil and gas, and the company owns and operates about 5.4 million barrels of oil reserves.
It’s also the largest producer and user of oil-by-rail in the U.S. It also operates in the Permian Basin and is expanding its shale drilling in the Gulf of Mexico.
A look at the world of oil, natural gas, natural resources, and more:The Dow Jones Industrial Average rose 17.65 points, or 0.7%, to 26,639.25, while the S&P 500 index added 4.8 points, to 2,984.60.
The Nasdaq composite gained 4.56 points, at 6,853.94.
The Russell 2000 index of smaller U.K. stocks added 5.09 points, and its Russell MidCap index of U.A.E. companies added 5 points.
The Nasdaq also jumped 2.5 points, on a positive report on the stock of Royal Dutch Shell Plc, a leading player in the North Sea, as well as on the Suez Canal, the U, S., and Chinese energy projects.