Toronto stocks rallied on Tuesday for a second straight session, as rising commodity prices boosted resource issues. The S&P/TSX composite index ended up 84.71 points, or 0.91%, at 9,415.70.

Oil prices sped back toward US$52 a barrel on renewed concerns about gasoline supplies after news of U.S. refinery problems.

Gold prices jumped to 1-month peaks on Tuesday, and base metal prices also made gains, helping push Toronto’s mining stocks higher.

Seven of the 10 TSX 10 main subgroups closed higher, led by energy, which rose 2.53%.

Compton Petroleum topped the sector, up 53¢, or 4.8%, to $11.58, while Suncor Energy , Imperial Oil and Nexen all jumped more than 3% each.

The materials sector, home to TSX mining stocks, gained 2.44% as gold miners jumped 3.0%, while base metal miners rallied 3.31%.

Industrials added 1.56%, while technology, utilities and the consumer staples and consumer discretionary groups rounded out the gainers.

In retreat were telecoms, which fell 1.01%, health care, down 0.65%, and the financial services group, which dipped 0.3%.

On Wall Street, U.S. stocks rallied, with the Dow snapping a four-session losing streak.

Solid earnings reports from Coca-Cola and Texas Instruments helped investors regain confidence.

As well the core Producer Price Index, a measure of wholesale prices excluding food and energy, rose by only half of what economists expected. That eased worries about more aggressive interest-rate increases from the U.S. Federal Reserve.

The Dow Jones industrial average was up 56.16 points, or 0.56%, to end at 10,127.41. The S&P 500 Iwas up 6.80 points, or 0.59%, to close at 1,152.78. The Nasdaq composite index was up 19.44 points, or 1.02%, to finish at 1,932.36.

After the closing bell, chipmaker Intel reported a rise in quarterly profit as revenue reached the second-highest level in the company’s history.