By Steve Gelsi Energy stocks rose Monday as oil continued its hot streak and the broad market gained. The NYSE Arca Oil Index (XOI) rose 0.7% to 1,109. The NYSE Arca Natural Gas Index (XNG) rose 0.7% to 553. The Philadelphia Oil Service Index (OSX) rose 1.4% to 214. Crude futures moved up 88 cents to $85.75 a barrel. Meanwhile, average U.S. retail gasoline prices hovered around $2.83 a gallon, up from $2.04 a year ago, according to the AAA fuel gauge report. The Dow Jones Industrial Average rose 42 points to 10,969. Dow components Exxon Mobil (XOM) and Chevron (CVX), were up 0.5% and 0.9%, respectively. Among stocks in the spotlight, Tesoro (TSO) fell 6.3% to $13.49 after an explosion at one of its refineries killed five people last week. Separately, Deutsche Bank downgraded the company to hold from buy. Entergy (ETR) fell 2.2% to $80.39 after it scrapped plans to spin off its nuclear power unit, Enexus. It also is taking a charge of up to 45 cents a share for costs related to the change. The power firm will also boost its quarterly dividend by 11% to 83 cents a share. SandRidge Energy (SD) fell 3.2% to $7.60 after it set plans to buy Arena Resources Inc. (ARD) for $1.6 billion in cash and stock. Shares of Arena rose 7.9% to $36.95. -Steve Gelsi; 415-439-6400; AskNewswires@dowjones.com Order free Annual Report for Exxon Mobil Corporation Visit http://djnweurope.ar.wilink.com/?ticker=US30231G1022 or call +44 (0)208 391 6028
