The Toronto Stock Exchange’s benchmark index closed with modest gains Wednesday after a see-saw session.

The S&P/TSX composite index closed at 14,441.13, up 31.53 points, or 0.2%.

Energy stocks pulled back after oil prices fell. Light sweet crude for August delivery settled down $2.45 at $134.55 a barrel, on the New York Mercantile Exchange.

The U.S. Energy Department reported that crude supplies increased by 803,000 barrels last week. Analysts had been projecting a decline of 1.7 million barrels.

In Toronto, EnCana Corp. fell 1.6% and Canadian Natural Resources Ltd. fell 2.3%.

After markets closed, Research In Motion Ltd. released its first-quarter results that came in slightly below analyst expectations.

RIM earned 84¢ a share in the first quarter, up 115% from last year, but analysts had expected earnings of 87¢ a share.

The junior S&P/TSX Venture composite index slipped 25.21 points, or 0.98%, to 2,534.47.

The Canadian dollar closed at US98.94¢, up 0.08 of a cent.

In New York, U.S. stocks rose as the price of oil declined, while the Federal Reserve held its key interest rate steady

The Dow Jones industrial average rose 4.40 points, or 0.04%, to close at 11,811.83. The S&P 500 added 7.68 points, or 0.58%, to 1,321.97. The tech-heavy Nasdaq composite index jumped 32.98 points, or 1.39%, at 2,401.26.

After markets closed, tech bellwether Oracle Corp. Corp. reported a higher quarterly profit that beat Wall Street estimates, as new software license revenue climbed 27%.

Oracle shares closed at US$22.55 on Nasdaq.