Oil rally lifts Wall Street, extending tight correlation

U.S. stocks rose in low volume on Wednesday, led once more by the direction of the price of oil and energy sector shares. Wednesday's market action extended that trend, with WTI crude rising nearly 5 percent and the S&P 500 energy sector up 1.5 percent. Chevron jumped 4.6 percent to $92.82 and gave the biggest boost to the energy sector.