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What: Shares of Gulf of Mexico oil and gas explorer McMoRan Exploration
So what: Oil and gas stocks are jumping all over the place thanks to upbeat consumer reports on a good Black Friday outing. Brent crude spot prices jumped 2.4% over the weekend, which is an unusually strong single-day move.
Now what: With many Mexican oil export ports closed due to inclement weather, other sources around the Gulf are able to charge even higher prices today. That includes this offshoot of the Freeport-McMoRan Copper & Gold
Interested in more info about McMoRan Exploration? Click here to add it to My Watchlist.
Fool contributor Anders Bylund holds no position in any of the companies mentioned. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold. Motley Fool newsletter services have recommended buying shares of W&T Offshore. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.