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Crude oil reached its lowest levels in over a year in early morning trading but you would never know it from observing the late day rally from oil and gas stocks. Shares climbed on reports of more hope in the Greek debt dispute.

Wall Street ended higher today as all sectors closed with gains. Utilities, Financials and Industrial stocks led the better performers today. Gold fell hard after failing to maintain record highs.

Oil has been rallying on optimism from Europe, but after paring some gains in late date day trading after reports of continued division in the eurozone, investors have to question whether the rally will last.

Wall Street edged slightly higher today as investors were undeterred by consumer sentiment and housing prices declines. Stocks shook off early losses to move into green territory late in the day.

As was the case yesterday, a late-hour rally in the session helped to propel stocks into positive territory for the second consecutive day. Volatility and choppy trading is still the trend.

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A potential end in sight for the conflict in Libya led shares of airline stocks higher in morning trading. By the end of the day though, higher oil prices brought the major carriers back to lows.