Energy complex futures are near their session highs.
Natural gas futures are up 2.3% to $5.12/mmbtu.
WTI crude oil futures pushed past $80.00/bbl, up 3.2%. This comes after Russia’s Deputy Prime Minister Novak said that his country may reduce its oil output by up to 7% early next year.
The uptick in oil prices led the S&P 500 energy sector (+2.7%) to first place among the 11 sectors by a wide margin.