Stock Market Update
19-Mar-25 11:30 ET
Energy stocks outperform amid rising oil prices
Dow +242.56
at 41823.56,
Nasdaq +165.88
at 17669.99,
S&P +37.31
at 5651.97
[BRIEFING.COM] The major indices are hanging out near session highs.
Earlier, the weekly EIA Crude Oil Inventories showed a build of 1.75 million barrels following last week's build of 1.45 million barrels. WTI crude oil futures are moving higher today, up 0.8% to $67.29/bbl. Oil prices have been stuck below $70.00/bbl since February 27 on concerns over economic growth, which could impact demand.
The S&P 500 energy sector has responded to the move in oil, trading 1.2% higher. It's the best performing sector in the S&P 500.
Natural gas futures are also higher, up 2.8% to $4.17/mmbtu, which has contributed to the upside bias in energy shares.
