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The energy sector has rallied to a 1.8% gain on the back of sharply higher oil prices. Oil prices had already been up solidly this morning, but a bullish inventory report has taken the energy component up to $99.60 per barrel, which makes for a 2.8% gain. Oil services stocks like Halliburton (HAL 46.70, +1.37), Baker Hughes (BHI 70.62, +1.76), and National Oilwell Varco (NOV 67.05, +1.65) are sporting the most impressive gains.
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