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.
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Roland Head does not own any of the shares mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.