NEW YORK — U.S. stocks rose to the cusp of their records on Thursday, as oil prices jumped after President Donald Trump announced “massive” new sanctions on Russia’s crude industry.

The S&P 500 climbed 0.6 percent and crept back within 0.2 percent of its all-time high set earlier this month. The Dow Jones Industrial Average added 144 points, or 0.3 percent, and finished just below its own record set earlier this week, while the Nasdaq composite rose 0.9 percent.

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Companies in the oil and gas business led the way, including gains of 1.1 percent for Exxon Mobil, 3.1 percent for ConocoPhillips, and 3.4 percent for Diamondback Energy. They rose with prices for crude, which leaped roughly 5.5 percent after Trump announced sanctions against Russian oil giants Rosneft and

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