Increasing crude oil prices leading to higher stock price

Energy stocks are turning in some of the market's best performances on the monday benefiting from an increase by the price of crude oil. Steel, banking and software stocks are also rising higher.
Hello @Stoneshire, oil’s status as an in-demand global commodity is sure to experience major price shifts and have a great impact on the economy(including major Energy Stocks).
There are two primary factors that impact the price of oil and these are:
1. Supply and Demand
2. Market Sentiment
However, the price of oil is not solely determined by the supply and demand. Rather, it is the supply and demand of the oil future contract that plays a central role in price determination.