Global Energy Companies Gain $400 Billion on Oil Rally: Chart

Magnus: Not Returning to 'Bad Old Days' of $30 Oil

Crude prices are set to cap the first three-month rally since the price crash began in June 2014, and perhaps no one is happier than energy companies. Members of the MSCI World Energy Index including Exxon Mobil Corp. and Schlumberger Ltd. have added about $400 billion in combined market capitalization since the start of February. Amid the rally, investors are rewarding oil and gas firms for cutting costs and slashing more than 250,000 jobs as the industry comes to grips with a world where $100 crude is a thing of the past.

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