Crude oil prices settled above $42 per barrel to send the markets soaring to a sharply high close with the Dow surging 164 points to 17,721. Nasdaq climbed 38 points to 4,872.
On the upside
Shares of EP Energy (NYSE: EPE), Southwestern Energy (NYSE: SWN) and SM Energy (NYSE: SM) all surged as crude oil prices climbed.
Rising crude oil prices lifted shares of offshore service vessels provider Tidewater (NYSE: TDW).
Offshore drilling contractor Ocean Rig (Nasdaq: ORIG) stock climbed as crude oil prices advanced.
On the downside
Profit taking weighed down shares of Navios Maritime (NYSE: NM).
Shares of Pernix Therapeutics (Nasdaq: PTX) fell ahead of its presentation at the Needham & Co.'s 15th Annual Healthcare Conference tomorrow.
Mitek (Nasdaq: MITK) will release second quarter financials on Thursday, April 28.
In the broad market, advancing issues outpaced decliners by a margin of 4 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 soared 19 points to 2,061. Bitcoin rose $3 to $422.
