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Energy stocks are climbing

Energy stocks are up, and crude oil prices have risen to $92 a barrel.

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An Exxon-mobile station is lit up in Richmond, VA, in this file photo. Exxon-mobile reported its most profitable quarter since 2008, and energy stocks are rising.

Steve Helber / AP / File

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NEW YORK (AP) Energy stocks are pushing indexes higher after Exxon-Mobil reported its most profitable quarter since 2008.

Massey Energy Co. jumped 10 percent after Alpha Natural Resources Inc. said it would buy the coal producer in a $7.1 billion deal.

Concerns over the growing unrest in Egypt sent crude oil prices up 3 percent to $92 a barrel.

At the market close, the Dow Jones industrial average is up 68 points, or 0.6 percent, to 11,892. The broader S&P 500 index is up 10, or 0.8 percent, to 1,286. The Nasdaq composite index is up 13, or 0.5 percent, to 2,700.

Two stocks rose for every one that fell on the New York Stock Exchange. Volume came to 1.2 billion shares.


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