Market Update

The broad market continues to chop along with a modest loss, but energy stocks are displaying strength again. The Energy sector is now up 0.6%, which makes it the best performing group this morning. Energy plays also outperformed in the prior session, when the sector scored a gain of almost 1%. Helping to drive demand for shares of energy companies is the recent climb in crude oil prices, which have crossed into positive territory to trade with an incremental gain at $106.35 per barrel. Oil hasn’t consistently traded at such heights in many months.

Market Update