Shares of energy companies rose alongside oil futures ahead of Wednesday's Federal Reserve statement and amid the possibility of a military conflict in Ukraine.
Oil futures rose 2.8% to $85.60 a barrel in New York.
The energy sector is the only one of the 11 industry groups on the Standard & Poor's 500 that has advanced since the broad index peaked in early January, said strategists at Goldman Sachs Group, in a note to clients.
The U.S. and other members of the North Atlantic Treaty Organization have made preparations to deploy troops in response to the specter of a Russian invasion.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-25-22 1633ET
