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Market Update Analysis: 
Oil Stocks Surge
Author: Elena Todorova
123jump.com
Last Update: 8:41 AM EDT April 10 2006



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U.S. stocks advanced in early going with the oil, oil service and natural gas sectors moving notably higher on surging oil prices. Oil giant Exxon Mobil gained nearly 1% and Chevron rose 1.6%. Gold stocks were other conspicuous gainers. At the same time, rising oil dragged airline stocks down. Railroad stocks were also weak with CSP CP down 1.4% and Union Pacific losing 0.8%.

 

 

 

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