Energy shares close higher on Wall Street

    Shutterstock photo - -- Enthusiasm for energy company stocks pushed the Dow Jones Industrial Average higher this morning. For the day, the DJIA closed up 65 points,at 19192.92, an increase of just 0.35%.

    The famed index climed as much as 69 points, or 0.4%, to 19192, on the first day of December, after posting ts biggest monthly gain in eight months. The S&P 500 dropped , and the NASDAQ Composite declined 1.36% to close at 5251.11 TheS&P 500 closed down 0.35%, at 2191.08.

    Energy stocks were among the biggest climbers in the S&P 500, adding around1.8% as U.S. crude continued climbing. U.S. oil prices rose 4.2% to $51.49 a barrel after surging more than 9% on Wednesday in the wake of a deal from the OPEC to cut production. Chevron (NYSE:CVX) and Exxon Mobil (NYSE:XOM) posted among the biggest gains in the Dow industrials, rising 2.5% and 1.1%, respectively.

    Oil producers held out for the best deal until the Vienna meeting yesterday, with the Iranians saying they wanted to rebuild market share, after a long-time decline.

    Shares of Goldman Sachs Group Inc (NYSE:GS) also were quite active. offers an extensive set of professional tools for the financial markets.
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    This article appears in: Investing , Forex

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