U.S. stocks up, floated by trusts for an arrangement in the middle of Greece and its universal banks.

The S&P 500 rose 21.85 focuses, or 1.1%, to 2068.59, its most astounding close of 2015.

The oil news helped push the Dow up 3.84% last week to 17824.29, abandoning it only 1.3% from a record. The S&P is 1.7% from its record.

Basic materials stocks climbed 0.2% on Wall Street so far on Tuesday.

Oil fates now have bounced back 16% since Jan. 28.

U.S. unrefined stocks climbed 1.6 million barrels to 413.7 million last week, industry amass the American Petroleum Institute (API) said late Tuesday.

Current oil supply sits just above $94 million barrels, contrasted with current interest of 93.42 million barrels.

Oil will hit $100 a barrel in under two years.

The truth of billions in spending cuts, a huge number of oil wells officially covered and several thousands more to be shut if oil doesn’t balance out and start to bounce back, is that we wind up with higher oil costs — much higher.

Details about some major gainers from basic material sector, during Tuesday’s trade are described below:

In basic material sector, Miller Energy Resources, Inc. (NYSE:MILL)‘s shares boosted 6.44% and led the share to close at $2.15, as a domestic oil and natural gas exploration and production focused on Alaska, declared that its Board of Directors has declared a semi-annual cash dividend on Company’s Series B Redeemable Preferred Stock (“Series B Preferred Stock”) and a quarterly cash dividend payment on the Company’s 10.75% Series C Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”) and its 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock (“Series D Preferred Stock”). The dividend on the Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock is predictable to be paid on Monday, March 2, 2015, to holders of record at the close of business on Friday, February 13, 2015.

Miller Energy Resources, Inc. (NYSE:MILL), is a domestic oil and natural gas exploration and production focused on Alaska. The Company’s enterprises encompass production and reserves onshore and offshore in the Cook Inlet area in addition to the North Slope, about 100MBPD of storage and processing infrastructure, the Osprey offshore production platform, oil and gas pipelines and four owned drilling rigs.

Shares of The Mosaic Company, (NYSE:MOS), gained 0.57% to close at $50.78, as one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients, formerly on January 28, declared that it plans to release 2014 fourth quarter and year-end earnings results on Wednesday, February 11, 2015, before the market opening of the New York Stock Exchange. Mosaic anticipates to release the earnings results at about 7:00 a.m. Eastern Standard Time, simultaneously posting performance data on its website in a tabular form. The Company will host a conference call to talk about the results on February 11, 2015, startning at 9:00 a.m. Eastern Standard Time.

The Mosaic Company, (NYSE:MOS), is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphates and potash fertilizers and feed ingredients for the global agriculture industry.

Marathon Petroleum Corporation, (NYSE:MPC), surged 2.01% to close at $102.18, hitting new 52-week high of $102.61, as crude prices were influenced by the gasoline inventory build.

Factors that led to the inventory build:

• There are specific factors that led to the gasoline inventory build. The inventory build was influenced by gasoline production and demand.
• Gasoline production reduced from ~9.17 million barrels per day, or MMbbls/d, to ~9.08 MMbbls/d last week. Production was slightly lower—contrast to last week. However, it was still ~3% higher than last year.
• According to the EIA (U.S. Energy Information Administration), the gasoline products supplied averaged 8.8 MMbbls/d over the last four weeks. This was 6.3% higher—contrast to same period last year.
• Gasoline demand reduced from ~9 MMbbls/d to ~8.4 MMbbls/d. A decrease in demand offset the slight decrease in production. This caused inventories to rise. Net changes in exports could also be another reason for the inventory build.
• An inventory build is bearish for gasoline prices. It will hurt the refineries’ margins—like Valero Energy (VLO), Phillips 66 (PSX), Marathon Energy (MPC), and Tesoro Corp. (TSO). Also, since most of these companies are part of the Energy Select Sector SPDR ETF (XLE), the energy-focused ETFs will also suffer.

Marathon Petroleum Corporation, (NYSE:MPC), together with its auxiliaries, is engaged in refining, transporting, and marketing petroleum products primarily in the United States.

Shares of the Walter Energy, Inc. (NYSE:WLT), gained 0.92% & closed at $1.10.

A leading, publicly traded “pure-play” metallurgical coal producer for the global steel industry with planned access to high-growth steel markets in Asia, South America and Europe, declared that in conjunction with the release of its fourth quarter and full year 2014 earnings results before market open on Tuesday, Feb. 17, 2015, it will conduct a conference call with institutional investors and analysts to be broadcast live over the Internet.

Walter Energy, Inc. (NYSE:WLT), produces thermal coal, anthracite, metallurgical coke and coal bed methane gas. Walter Energy employs about 2,700 employees, with operations in the United States, Canada and United Kingdom.

Southwestern Energy Co. (NYSE:SWN), mounted 3.50% to close at $26.89.

An independent energy company, formerly on February 2, 2015, declared the closing of formerly declared transactions with auxiliaries of Statoil (STO) and WPX Energy, Inc. (WPX). In the Statoil transaction, Southwestern attained about 30,000 net acres in West Virginia and southwest Pennsylvania for $365 million, after environmental and title adjustments, and subject to customary post-closing adjustments. In the WPX transaction, Southwestern attained about 46,700 net acres in northeast Pennsylvania and firm transportation capacity of 260 million cubic feet per day on the Millennium pipeline for an adjusted purchase price of $288 million, subject to customary post-closing adjustments. Both of these transactions were funded using the company’s revolving credit facility.

Southwestern Energy Co. (NYSE:SWN), is an independent energy company whose wholly owned auxiliaries are engaged in natural gas and oil exploration, development and production, natural gas gathering and marketing.