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TSX gets an energy surge

Rising oil stocks helped lift the Toronto stock market while New York's Dow Jones average snapped an eight-day losing streak.

The S&P/TSX composite index gained 92.35 points to 15,598.57 as energy, metal and industrial stocks led gainers.

South of the border, the Dow Jones industrial average climbed 150.52 points to 20,701.50 and the S&P 500 index was ahead 16.98 points to 2,358.57.

The tech-heavy Nasdaq composite index also finished higher, up 34.77 points to 5,875.14.

The Canadian dollar was trading at 74.72 cents US, losing 0.04 of a cent despite an uptick in oil prices.

The May crude contract was up 64 cents at US$48.37 per barrel amid reports of a production disruption at an oilfield in Libya and growing hopes that OPEC will extend its output cuts to the end of the year.

In other commodities, May natural gas contracts were up five cents at US$3.18 per mmBTU, May copper contracts added four cents at US$2.68 a pound and the April gold contract lost 10 cents at US$1,255.60 an ounce.



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