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Markets Right Now: Energy stocks lead early gains

May 7, 2018

Via: ABC News

Energy stocks are leading U.S. indexes higher in early trading as the price of crude oil climbs.

Exxon Mobil added 1.2 percent early Monday, and Schlumberger rose 1.2 percent. The gains came as the price of U.S. crude oil traded above $70 a barrel for the first time since November 2014.

Starbucks rose 1 percent after Nestle paid the company $7 billion for the rights to sell Starbucks coffee around the world.

The S&P 500 index rose 11 points, or 0.4 percent, to 2,675.

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