Energy, materials lead Wall Street gains as oil jumps

February 22, 2016 3:02 PM

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Energy, materials lead Wall Street gains as oil jumps

Wall Street was higher on Monday as prices of crude oil and other commodities surged, pointing to an uptick in investors' risk appetite following a rout in global markets.

Crude prices were up more than 5 percent after data showed a fall in U.S. rig counts and the International Energy Agency said it expects U.S. shale oil output to fall.

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