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Stocks Try to Hold Gains as Crude Oil Weighs

U.S. stocks struggled to hold onto gains by midday Monday as continued pressure from crude oil hit the energy sector.

The S&P 500 was up 0.4%, the Dow Jones Industrial Average added 0.29%, and the Nasdaq added 0.63%.

Crude oil prices were under pressure again on Monday, trading at six-year lows. Recent data on U.S. inventories stoked fears over a supply glut, while the looming prospect of more Iranian oil on global markets spooked commodity investors. West Texas Intermediate crude oil fell 1.1% to $34.34 a barrel on Monday.

The energy sector dragged on Wall Street. Chevron (CVX) and Exxon Mobil (XOM) were among the worst performers on the Dow, while Kinder Morgan (KMI) , ConocoPhillips (COP) and Pioneer Natural Resources...