Shares of energy companies rose alongside oil futures after U.S.-traded futures closed at a seven-year high.
The energy sector is the only one of the 11 Standard & Poor's 500 industry groups to finish January with a gain as fears of a Russian invasion of Ukraine and winter storms in the U.S. have driven energy prices up sharply.
Globally traded Brent oil futures topped $91 a barrel, the highest since 2014 as military tensions lingered.
Exxon Mobil is moving its corporate headquarters from Irving, Texas, to Houston as part of a business reorganization that the company said will be completed by 2023.
Natural gas finishes the session 5.1% higher at $4.87-per-million British thermal units, bringing gains on the month to 31%.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-31-22 1624ET
