Wall Street closes higher as oil gains

By Ovunc Kutlu

NEW YORK (AA) - Wall Street closed higher on Monday as oil prices continued to increase.

The Dow added almost 2 points to end the day at 20,658 and the S&P 500 rose by 1 point to 2,357 points.

The Nasdaq increased 3 points to finish the first trading day of the week at 5,880 points.

At the final bell, American benchmark West Texas Intermediate was trading at $53.05 per barrel with a 1.6 percent gain, and international benchmark Brent crude was at $55.95 with a 1.3 percent increase.