Crude oil prices rally, markets soar

The markets surged to close sharply higher with the Dow jumping 241 points to 17,615 as crude oil prices rallied. Nasdaq leaped 58 points to 5,101.

On the upside

Rebounding crude oil prices lifted shares of Denbury Resouces (NYSE: DNR) and Bonanza Creek Energy (NYSE: BCEI).

Bargain hunters lifted shares of Century Aluminum (Nasdaq: CENX).

Rentech Nitrogen Partners (NYSE: RNF) will be acquired by CVR Partners for approximately $533 million.

On the downside

Karyopharm Therapeutics (Nasdaq: KPTI) widened second quarter losses.

Shares of SFX Entertainment (Nasdaq: SFXE) fell ahead of its earnings release after market close.

Kronos Worldwide (NYSE: KRO) fell to a loss for the second quarter.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 leaped 26 points to 2104. Bitcoin eased a fraction to $262.