Energy stocks enjoy broad rally as crude oil futures top $80 a barrel – MarketWatch

Energy stocks enjoyed a broad rally Friday, as crude oil futures CL00, +1.71% peeked above the $80-per-barrel level for the first time in seven years. The SPDR Energy Select Sector ETF XLE, +2.73% climbed 2.8%, with all 21 of its equity components trading higher. Eight of the S&P 500’s SPX, -0.03% top gainers Friday are energy stocks. Among the best performers, shares of APA Corp. APA, +5.53% ran up 5.2%, Pioneer Natural Resources Co. PXD, +4.18% advanced 4.5%, EOG Resources Inc. EOG, +4.07% climbed 4.3%, Diamondback Energy Inc. FANG, +4.21% rallied 4.2% and ConocoPhillips COP, +4.15% tacked on 4.0%. Meanwhile, continuous crude oil futures rose to an intraday high of $80.11 a barrel, the highest price seen since November 2014, before paring some gains to be up 1.8% at $79.70 a barrel in morning trading.