Published February 22, 2016 4:04pm EST | Updated February 22, 2016 5:04pm EST

U.S. Stocks Close Higher As Oil Prices Surge

U.S. stocks closed sharply higher Monday, with the Dow industrials gaining more than 200 points, as surging oil prices supported previously battered energy shares. The S&P 500 gained 27.71 points, or 1.4%, to 1,945.49. The Dow industrials rose 228.53 points, or 1.4%, to 16,620.52. The Nasdaq Composite finished 66.18 points, or 1.5%, higher at 4,570.61.