Why ExxonMobil, Transocean, SLB, and Other Oil Stocks Surged This Week

Many oil- and gas-related stocks rose this past week as traders rotated into companies that stand to profit from higher energy prices.Here's how some of the top energy stocks performed:ExxonMobil (XOM +3.47%), up 7%Transocean (RIG +0.65%), up 11%SLB (SLB +2.27%), up 15% Escalating tensions in the Middle EastFollowing strikes by the U.S. and Israeli militaries, Iran has moved to close the Strait of Hormuz to commercial shipping. With roughly 20% of global oil and liquefied natural gas (LNG) shipments unable ...