Wall Street rallied for the third straight day, led by sharp gains in energy stocks, as a rebound in crude oil prices boosted sentiment heading into the Christmas holidays.
Oil prices were up after US inventories fell, but still hovered near multi-year lows as oversupply concerns continued to weigh.
The S&P energy sector rose 2.85 and led the 10 major sectors on the index by a wide margin. Exxon shares were up 1.9% at US$79.09, while Chevron was up 2.4% at US$92.36 and provided the biggest boost to the Dow.
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Oil prices were up after US inventories fell, but still hovered near multi-year lows as oversupply concerns continued to weigh.
The S&P energy sector rose 2.85 and led the 10 major sectors on the index by a wide margin. Exxon shares were up 1.9% at US$79.09, while Chevron was up 2.4% at US$92.36 and provided the biggest boost to the Dow.
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