Energy stock prices have reached their highest level in two months and BP (NYSE:BP) shares soar. Crude oil futures have jumped to over $80 a barrel. After months of waiting, wondering, and anticipating a turn around in the stock market, maybe we are now headed in that direction.
The biggest increase was seen in the Philadelphia Oil Service Index gaining 2.4 percent to 186. The NYSE Arca Natural Gas Index increased by 1.8 percent to 525. While the NYSE Arca Oil Index broke through the four digit level rising 2.2 percent to 1,002. The Dow Jones Industrial Average added 135 points.
BP shares inclined 2 percent to $39.29. Chevron and Exxon also saw gains. Chevron rose 2.9 percent to $77.84 and Exxon increased by 2.66 percent reaching $61.26.
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