BUZZ-Energy sector gains as oil rises, Wall Street advances
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The S&P 500 energy index rose 1.4% as oil prices increased, driven by a larger-than-expected draw in U.S. crude stockpiles and a broader equities rally. Brent crude futures were up 1.35% and U.S. West Texas Intermediate crude rose 1.5%. Major oil companies like Exxon, Devon Energy, Diamondback Energy, Baker Hughes, Phillips 66, and Schlumberger saw significant gains. Wall Street also advanced due to positive jobs data and strong Nvidia earnings.
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