Rising oil prices lift markets

Crude oil prices rose to lift the markets to a higher close with the Dow climbing 26 points to 17,804. Nasdaq gained 16 points to 4,765.

On the upside

Recovering crude oil prices lifted shares of Swift Energy (NYSE: SFY).

Shares of Quiksilver (NYSE: ZQK) extended its gains.

Penn Virginia (Nasdaq: PVA) declared quarterly dividends on Series A and Series B convertible preferred stock.

On the downside

OncoGenex Pharmaceuticals (Nasdaq: OGXI) reported positive results from a Phase 2 Borealis-1 trial of its bladder cancer treatment apatorsen but the stock price fell.

RXi Pharmaceuticals (Nasdaq: RXII) entered an exclusive global license agreement to develop Samcyprone but the stock price fell.

Brown Shoe (NYSE: BWS) amended and extended its credit agreement.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 gained 9 points to 2070. Bitcoin edged up a fraction to $314.
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