S&P 500 looks to close in the positive territory on Tuesday. S&P 500 Energy Index is up nearly 7% on surging oil prices. The S&P 500 Index (SPX) started the day near Monday’s closing level but edged higher on the back of impressive gains witnessed in energy stocks. At the moment, the SPX is up 0.5% on the day at 3,719. Following the two-day OPEC+ meeting, Saudi Arabia’s energy minister said that they will continue to support the oil market by voluntarily lowering their production by 1 million barrels per day in the February-March period. Boosted by this announcement, the barrel of West Texas Intermediate touched its highest level since February at $50.14 and the S&P 500 Energy Index rose nearly 7%. S&P 500 top movers Occidental Petroleum Corp (OXY: NYSE) is currently the best performer of the day, rising 13.5% at $19.80. Diamondback Energy Inc (FANG: NASDAQ), Apache Corp (APA: NASDAQ), Halliburton Co (HAL: NYSE) and Cimarex Energy Co (XEC: NYSE) are among the other top gainers, up between 10% and 13%. On the other hand, Verisign Inc (VRSN: NASDAQ) and Fortinet Inc (FTNT: NASDAQ) shares lose around 3% on a daily basis as the biggest percentage decliners. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Cardano Price Prediction: ADA sees a breakout and targets $0.28 FX Street 11 months S&P 500 looks to close in the positive territory on Tuesday. S&P 500 Energy Index is up nearly 7% on surging oil prices. The S&P 500 Index (SPX) started the day near Monday's closing level but edged higher on the back of impressive gains witnessed in energy stocks. At the moment, the SPX is up 0.5% on the day at 3,719. Following the two-day OPEC+ meeting, Saudi Arabia's energy minister said that they will continue to support the oil market by voluntarily lowering their production by 1 million barrels per day in the February-March period. Boosted by this announcement, the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
