Energy Stocks Extending Yesterday's Rally
WASHINGTON (dpa-AFX) - Extending the rally seen in the previous session, energy stocks are seeing significant strength during trading on Thursday amid a continued increase by the price of crude oil.
The Philadelphia Oil Service Index has surged up by 1.7 percent, while the NYSE Arca Oil & Gas Index is up by 1.1 percent.
The continued strength among energy stocks comes as crude for January delivery jumped $1.62 to $51.06 a barrel after soaring $4.21 to $49.44 a barrel in the previous session.
Copyright RTT News/dpa-AFX
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