TSX rallies as oil rises Wall Street in the red

TORONTO — The Toronto stock market closed with a solid gain as crude oil prices settled at their highest level of the year.The S&P/TSX composite index rose 88.19 points to 15,188.84.Leading the market were energy stocks, with the sector rising 1.9 per cent as the price of crude continued its climb for a second straight session. The May crude contract settled $1.84 higher at US$53.98 a barrel, a level it last hit on Dec. 30, 2014.New York markets pulled back late in the session as traders gave up on a rally that drove a sharp rise earlier in the day.The Dow Jones industrial average closed down 5.43 points at 17,875.42, the Nasdaq fell 7.09 points to 4,910.23 and the S&P 500 was down 4.29 points at 2,076.33.The Canadian dollar fell 0.17 of a U.S. cent to 79.97 cents.

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