As oil draws ever closer to the $100 level, one group is benefiting from the rise in prices.

Oil and gas exploration and production stocks are bucking the market’s down trend Tuesday, rallying as investors bet higher energy prices will lead to increased spending on exploration and production:

Rallying on Higher Oil Prices

Ticker

Security

Last

Change

%Chg

(WPX) WPX Energy, Inc. Class A

19.54

0.99

5.34%

(NOG) Northern Oil and Gas, Inc.

14.89

0.74

5.23%

(CRZO) Carrizo Oil & Gas, Inc.

40.23

1.63

4.22%

(XEC) Cimarex Energy Co.

98.23

3.66

3.87%

(CRK) Comstock Resources, Inc.

17.17

0.46

2.78%

(AREX) Approach Resources Inc.

19.79

0.48

2.48%

(CHK) Chesapeake Energy Corporation

26.93

0.55

2.08%

(EGN) Energen Corporation

69.28

1.13

1.66%

(SGY) Stone Energy Corporation

32.55

0.53

1.66%

(PXD) Pioneer Natural Resources Company

180.18

2.74

1.54%

(SM) SM Energy Company

84.84

1.26

1.51%

(EOG) EOG Resources, Inc.

159.98

1.84

1.16%

(NBL) Noble Energy, Inc.

69.38

0.79

1.15%

(BBG) Bill Barrett Corporation

26.94

0.30

1.13%

(GPOR) Gulfport Energy Corporation

58.51

0.60

1.04%

(SFY) Swift Energy Company

12.51

0.10

0.81%

(DNR) Denbury Resources Inc.

16.28

0.11

0.68%

(DVN) Devon Energy Corporation

61.10

0.40

0.66%

(COG) Cabot Oil & Gas Corporation

36.96

0.14

0.38%

(EQT) EQT Corporation

87.84

0.17

0.19%

(COP) ConocoPhillips

70.55

0.11

0.16%