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Oil prices are back up to $107.64 per barrel, which is just $0.20 shy of the two-year high that was set earlier this morning. The run up in oil prices has helped the energy sector put together a 0.8% gain.
Cabot Oil (COG 54.34, +1.37) and Pioneer Natural Resources (PXD 104.20 +2.32) are top performers in the energy space. Royal Dutch Shell (RDS.A 73.46, +0.60) isn't necessarily a leader, but the stock is still up solidly. The company announced that it has agreed to sell most of its downstream business in Chile to Quinenco for a total consideration of $614 million.
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