Only two sectors were positive on the day, with energy gaining more than four per cent and materials up 0.56 per cent, while information technology followed U.S. tech stocks lower, the worst performer in Toronto with a loss of 1.76 per cent. The May crude oil contract jumped US$2.97 to US$63.15 per barrel after the International Energy Agency raised its forecast for oil demand this year by 230,000 barrels per day to 96.7 million barrels. A separate U.S. government report also showed that the amount of oil supplies in inventory fell sharply last week. Meanwhile, the May natural gas contract was unchanged at US$2.62 per mmBTU.