MW: Energy stocks rise as oil moves above $53 a barrel
Energy stocks rose in early action on Monday as oil prices advanced past the $53 a barrel level. The Amex Oil Index rose 0.5% to 910. The Amex Natural Gas Index rose 1.4% to 408, with component Chesapeake Energyup 2.2% ahead of its earnings update later on Monday. Crude futures rose 31 cents to $53.51.
