3 Reasons These 6 Offshore Oil Stocks Are Up Big Today

Oil prices are surging today along with a very optimistic stock market. At this writing, both Brent and West Texas crude futures are up more than 7%, while the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) is up 3.3%. Today's surge for the stock market as a whole is a product of three things:

Investors are jumping into offshore oil stocks with both feet today. Here are six offshore oil stocks that are up sharply:

As of 2:40 p.m. EDT on May 18. Data source: YCharts.