Why Oil Stocks ExxonMobil, Pioneer Natural Resources, and Baker Hughes Rallied in March

Oil prices are on the rise, and these dividend giants are reaping the benefits.Shares of oil producers ExxonMobil (XOM 1.38%) and Pioneer Natural Resources (PXD 1.09%) and oil field services giant Baker Hughes (BKR 1.15%) rallied in March, up 11.2%, 11.6%, and 13.2%, respectively, according to data from S&P Global Market Intelligence.Global tensions, falling U.S. gasoline stocks, and widening refiner crack spread all contributed to the favorable oil and gas environment in March, continuing the upturn since ...