Chevron

Chevron jumped 4 percent, the most in the Dow Jones industrial average. Exxon Mobil also gained 3 percent.

Energy stocks climbed as the price of oil turned higher, shaking off a two-day slump. U.S. crude gained 2 percent.

Banks and other financial stocks were the only sector to fall.

The Dow gained 200 points, or 1.2 percent, to 16,472. It was down as much as 258 earlier.

KEEPING SCORE: The Standard & Poor's 500 index slipped seven points, or 0.4 percent, to 1,912 as of 10:04 a.m. Eastern time. The Dow Jones industrial average slid 69 points, or 0.4 percent, to 16,212, and the Nasdaq composite fell 36 points, or 0.8 percent, to 4,583.

The price of oil jumped almost 6 percent Wednesday following a drop in crude inventories last week that was much steeper than analysts were expecting.

Chevron and Exxon Mobil were among the biggest gainers in the Dow Jones industrial average.

Anheuser-Busch InBev jumped 7 percent after the company made a takeover approach to SABMiller, the owner of Miller and Peroni. Other beer makers also rose.

Oil fell to the lowest level since March Monday as traders worried about signs of weak demand and increasing supplies.

Chevron and Exxon Mobil were among the biggest decliners in the Dow Jones industrial average.

Investors were also watching company earnings. Tyson Foods slumped 10 percent after cutting its outlook for the year.

The Dow lost 91 points, or 0.5 percent, to 17,598.