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
|5.251,11 $||5.323,68 $||- $||0,00%||09.08./23:59|
|XC0009694271||969427||5.404 $||4.210 $|