: Oil and gas stocks pace the S&P 500 gainers as crude futures surge

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The S&P 500’s top gainers were littered with shares companies in the energy sector, as crude oil futures surged on worries over a drop in exports from Russia. The SPDR Energy Select Sector ETF XLE, +2.64% climbed 2.5% in morning trading, with all 23 equity components gaining ground, as crude oil futures CL00, +2.98% jumped 3.5%. Of the S&P 500’s top-25 gainers, 20 are stocks of energy companies. Among the most active of those best performers, shares of Occidental Petroleum Corp. OXY, +2.31% climbed 2.5%, Exxon Mobil Corp. XOM, +2.35% rose 2.1%, Marathon Oil Corp. MRO, +2.34% tacked on 2.3%, Devon Energy Corp. DVN, +2.68% ran up 2.6% and Schlumberger Ltd. SLB, +2.30% advanced 2.6%. Meanwhile, the S&P 500 SPX, +0.18% rose 0.1%.

This article was originally published by Marketwatch.com. Read the original article here.

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