Oil Prices Are Cratering, Yet These Energy Stocks Are Surprisingly Surging Today [The Motley Fool]
Crestwood Equity Partners LP (CEQP)
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Source: The Motley Fool
What happenedWTI, the U.S. oil price benchmark, is crashing today. May contracts for that oil benchmark have nosedived more than 0% to around $0 a barrel, its lowest level since 986. However, that's mainly due tonear-term storage issuesin the U.S. That's why the global benchmark, Brent, is only down about 6% on the day while WTI contracts that expire in later months are down even less. December, for example, is only off by about % today and still trades at more than $0 a barrel.As a result, mostenergy stocksaren't falling very much today. Quite the opposite in some cases, as several are rallying sharply because slumping oil prices in the near term will benefit them in the future. Leading the charge higher areAntero Resources(NYSE:ARAntero MidstreamNYSE:AMEQTNYSE:EQTCrestwood Equity PartnersNYSE:CEQPImage source: Getty Images.So whatWhat these four have in common is that they either produce natural gas (Antero Resources and EQT) or focus on gathering and processing that commodity (Ante
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