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Energy stocks topped the S&P sector rankings on Wednesday, helped by rising crude oil prices, with WTI crude in the front month (CL1:COM) shut down +3% at $87.91/barrel, recovered from consecutive daily declines and touched its 50-day moving average of $86.72.
Hess (HE IS) closed +4.8% as the top gainer among energy stocks by S&P, Halliburton (HAL) completed +4.3% and rise to its best level since mid-June for the fourth straight day, and Schlumberger (SLB) touched …
