Energy stocks help lift S&P/TSX composite higher as price of oil rises

TORONTO –

Strength within the vitality sector as the value of oil rose helped Canada’s major inventory index climb in late-morning buying and selling, whereas U.S. inventory markets had been within the pink.

The S&P/TSX composite index was up 56.09 factors at 20,513.55.

In New York, the Dow Jones industrial common was down 329.38 factors at 33,581.47. The S&P 500 index was down 26.50 factors at 3,964.47, whereas the Nasdaq composite was down 48.08 factors at 11,047.03.

The Canadian greenback traded for 74.53 cents US in contrast with 74.68 cents US on Tuesday.

The March crude oil contract was up US$1.69 at US$82.14 per barrel and the February pure gasoline contract was down 21 cents at US$3.37 per mmBTU.

The February gold contract was up US$3.80 at US$1,913.70 an oz. and the March copper contract was up seven cents at US$4.30 a pound.

This report by The Canadian Press was first revealed Jan. , 2023