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US stocks close slightly higher, led by gains in the energy sector as oil prices rise

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NEW YORK — U.S. stocks are closing slightly higher, led by an advance in energy stocks as the price of oil climbs.

Salesforce.com was among the big gainers Thursday after reporting results that beat analysts' forecasts. Best Buy was also up after reporting strong earnings.

PHOTO: Trader Dudley Devine works on the floor of the New York Stock Exchange Thursday, May 21, 2015. U.S. stocks edged higher in early trading. Energy stocks rose more than the rest of the market as the price of oil climbed. (AP Photo/Richard Drew)
Trader Dudley Devine works on the floor of the New York Stock Exchange Thursday, May 21, 2015. U.S. stocks edged higher in early trading. Energy stocks rose more than the rest of the market as the price of oil climbed. (AP Photo/Richard Drew)

The Dow Jones industrial average edged up a fraction of point to 18,285.

The Standard & Poor's 500 index rose five points, or 0.2 percent, to 2,130. The Nasdaq composite climbed 19 points, or 0.4 percent, to 5,090.

Oil rose $1.74, or 3 percent, to $60.72 a barrel following reports that U.S. storage levels are falling. That sent energy stocks higher. Rig operator Transocean gained 4 percent.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.19 percent.

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