U.S. Stocks Advance, Led by Energy Producers; Oracle Gains

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June 27 (Bloomberg) -- U.S. stocks rose after a rebound in oil lifted energy producers and technology companies rallied on Oracle Corp. results that beat analyst estimates.

Exxon Mobil Corp., the biggest crude producer, and Chevron Corp., the second largest, advanced. Oracle, the No. 3 software maker, gained after saying sales may rise 21 percent.

The Standard & Poor's 500 Index added 1.91, or 0.1 percent, to 1494.8 as of 12:10 p.m. in New York. The Dow Jones Industrial Average slid 4.88 to 13,332.78. The Nasdaq Composite Index increased 8.6, or 0.3 percent, to 2582.76.

Exxon gained 98 cents to $82.80. Chevron climbed 82 cents to $83.52.

Crude oil for August delivery rose 44 cents to $68.21 a barrel in New York after an Energy Department report showed an unexpected decline in U.S. gasoline inventories last week.

Oracle added 34 cents to $19.50. The software industry's most acquisitive company said sales may rise as much as 21 percent in the quarter ending Aug. 31 to between $4.32 billion and $4.43 billion. Analysts had expected sales to rise 15 percent to $4.11 billion, according to a Bloomberg survey.