Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: As oil prices took off earlier today, shares of Clayton Williams Energy
So what: Oil rose $0.57 on the day to close at $100.36 on the New York Mercantile Exchange. In London, Brent crude rose $0.12 to $109.98 a barrel. The higher prices could mean more profits for Gulf-area explorers such as Clayton Williams. Related winners included Chesapeake Energy
Now what: Analysts have been predicting higher crude prices heading into 2012. Goldman Sachs
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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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