Recovering oil prices sends energy stocks higher again; Earnings gains lift Intel and CSX

Markets Associated Press

Higher oil prices and earnings gains are sending U.S. stock prices higher in early trading.

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Intel led the Dow Jones industrial average higher early Wednesday after the chipmaker reported earnings that were higher than the same period a year earlier.

Railroad operator CSX rose 2 percent after its own results beat estimates.

The Dow rose 91 points, or 0.5 percent, to 18,127 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 rose 10 points, or 0.5 percent, to 2,105. The Nasdaq composite added 17 points, or 0.3 percent, to 4,994.

The price of oil rose 65 cents to $53.94 a barrel in New York.

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Several energy companies rose along with the price of oil. Rig operator Transocean rose 1.5 percent.