The Fed's decision to launch QE3 put a rocket under oil prices on Thursday night, with WTI crude touching $100 before U.S. markets opened on Friday morning. Brent crude behaved in a similar fashion, soaring toward $118 per barrel before settling back at around $117 in London trading on Friday afternoon. Natural gas also had a strong week and managed to rise above $3/mmbtu midweek.
As a result, the United States Oil Fund
The nature of oil and gas companies' businesses means that they may succeed or fail regardless of oil prices. Despite this, strong oil prices always help, and my three risers this week are all well positioned to benefit from high oil prices.
Small oil and gas shares are always volatile, and this week's winners could be next week's losers. To learn more about how to select oil and gas shares with the potential to deliver outstanding multi-bagging profits, I strongly recommend you download the latest special free report from The Motley Fool, "How To Unearth Great Oil and Gas Shares." It's completely free and includes details of how to select shares and structure your portfolio to maximize your potential profits and minimize your risks. Hurry though, this new report will only be available for a limited time -- so download it today.
Are you looking to profit as a long-term investor? "10 Steps to Making a Million in the Market" is the latest Motley Fool guide to help Britain invest. Better. We urge you to read the report today -- while it's still free and available.
Further investment opportunities: