Canada’s main stock index moved higher as energy stocks surged on a record move in crude oil prices on a promised ceasefire between Russia and Saudi Arabia.

The S&P/TSX composite index closed up 221.36 points at 13,097.76.

In New York, the Dow Jones industrial average was up 469.93 points at 21,413.44. The S&P 500 index was up 56.40 points at 2,526.90, while the Nasdaq composite was up 126.73 points at 7,487.31.

The Canadian dollar traded for US70.53¢ compared with an average of US70.34¢ on Wednesday.

The May crude contract was up US$5.01 at US$25.32 per barrel and the May natural gas contract was down 3.5 cents at US$1.55 mmBTU.

The June gold contract was up US$46.30 at US$1,637.70 an ounce and the May copper contract was up 4.4 cents at US$2.22 a pound.