Energy stocks enjoyed a broad rally Wednesday, with the sector posting the biggest gains among the S&P 500 11 key sectors, as oil prices jumped (http://www.marketwatch.com/story/oil-prices-jump-as-inventories-fall-hurricane-curtails-production-2020-09-16) following data showing a drop in supply and as Hurricane Sally curtailed production. Chevron Corp.'s stock (CVX) rallied 3.1% to be among the Dow Jones Industrial Average's top gainers, but was just the SPDR Energy Select Sector ETF's (XLE) 24th-best performer. The energy ETF climbed 4.1% in afternoon trading, with all 26 components gaining ground. Among's the ETF's most-active members, shares of Occidental Petroleum Corp. (OXY) jumped 9.3%, Marathon Oil Corp. (MRO) hiked up 6.0%, Exxon Mobil Corp. (XOM) rose 3.8%, Halliburton Co. (HAL) advanced 4.9% and Schlumberger Ltd. (SLB) shot up 5.1%. Meanwhile, crude oil futures climbed 4.5%.
Any recommendation, opinion or advice regarding securities or markets contained in such material does not reflect the views of TD Ameritrade, and TD Ameritrade does not verify any information included in such material.