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Energy Stocks Keep Pace With Broad Market Rally

Business Materials 21 December 2007 20:55 (UTC +04:00)

( Foxbusiness ) - Oil and gas stocks marched higher Friday, in step with a 150-point gain on the Dow Jones Industrials and a 70-cent uptick in crude-oil prices. Opening trades sent the Amex Oil Index 1.2% higher to 1,526 points while the Amex Natural Gas Index rose 0.7% at 573 points and the Philadelphia Oil Service Index added 1.4% to 295. Hess Corp. led percentage gainers in the Amex Oil Index, up 4% as it bounced back from Thursday's Citigroup downgrade. Crude for February delivery was last trading 67 cents higher at $91.73 a barrel in thin volume.

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