Toronto stocks rose sharply Monday, spurred forward by higher prices for crude oil and gold. The S&P/TSX composite index finished up 101.16, or 0.93%, to 11,005.47.

Volume on the senior exchange was 300 million shares.

Crude oil jumped $1.63 to US$65.82 on the New York Mercantile Exchange, after closing at $64.19 in a special Sunday session. Though hurricane Rita’s effects on the U.S. Gulf Coast weren’t as devastating as first feared, many oil refineries remained closed, affecting supply.

The energy sector moved 2.50% higher, the biggest gainer on the day. Eight of the 10 TSX sub-groups closed in positive territory.

EnCana Corp. rose $1.87, or 2.94%, to $65.53, while PetroCanada lifted $2.16, or 4.55%, to $49.67.

Daylight Energy Trust will pay $100 million to acquire Tempest Energy Corp. Daylight units rose 13¢, or 1.07%, to $2.33, while Tempest shares were up 95¢, or 21.94%, to $5.28.

The December gold contract closed up $2.30 at US$469.50 an ounce on fears of inflation.

Goldcorp Inc. rose 36¢, or 1.57%, to $23.30.

Crystallex International Corp. lost 6¢, or 3.06%, to $1.90 after the mining firm expanded its plans for its Las Cristinas gold mine in Venezuela. The stock alternately sank and spiked last week after Venezuelan president Hugo Chavez indicated he might cancel the country’s mining concessions.

The financials group moved ahead 0.34%. Shares in Bank of Nova Scotia gained 22¢, or 0.52%, to $42.72.

The Canadian dollar closed down 0.08 of a cent to US85.30¢.

The junior S&P/TSX venture exchange slipped 4.80 points, or 0.23%, to finish at 2,069.93.

On Wall Street, U.S. markets closed slightly ahead after a volatile day as investors followed the price of crude.

The Dow Jones industrial average rose 24.04 points to finish at 10,443.63, the S&P 500 closed up 0.34 points at 1,215.63 and the Nasdaq composite index rose 4.62 points to 2,121.46.