Energy Stocks Rebounding Along With The Price Of Crude Oil

(RTTNews) - While the broader markets have fluctuated over the course of the session, energy stocks continue to see considerable strength in afternoon trading on Wednesday.

Reflecting the strength in the energy sector, the NYSE Arca Natural Gas Index is up by 2.8 percent, the NYSE Arca Oil & Gas Index is up by 2.2 percent and the Philadelphia Oil Service Index is up by 1.7 percent.

The strength among energy stocks comes amid an increase by the price of crude oil, which is rebounding after yesterday's steep drop.

Crude oil for April delivery is currently jumping $1.13 to $37.63 a barrel after tumbling $1.40 to $36.50 a barrel on Tuesday.