The S&P 500 is showing signs of life, and it has the energy sector to thank.
Energy stocks are climbing after Saudi Arabia and Russia agree to oil production cuts
Energy stocks in the benchmark rose as much as 1.5% on Monday after Saudi Arabia and Russia agreed to extend crude-oil output cuts until March 2018.
Energy stocks in the benchmark rose as much as 1.5% on Monday after Saudi Arabia and Russia agreed to extend crude-oil output cuts until March 2018. The group was the best performer in the S&P 500, which climbed 0.4%.
The shares are tracking a 2.5% move higher in oil, the resource's second-biggest jump since the start of December.
Energy corporations are getting a much-needed relief rally, with the S&P 500 Energy Index having fallen to a nine-month low on May 4. The index has rebounded 3.2% over the past seven days.
Here are some energy stocks that are doing particularly well: