Wall Street turns positive as oil powers energy stocks

(Reuters) - U.S. stocks reversed course to trade higher on Thursday as energy shares climbed after oil prices hit $80 per barrel for the first time since November 2014.

At 10:53 a.m. EDT, the Dow Jones Industrial Average was up 52.92 points, or 0.21 percent, at 24,821.85. The S&P 500 was up 8.13 points, or 0.30 percent, at 2,730.59 and the Nasdaq Composite was up 20.55 points, or 0.28 percent, at 7,418.84.

(Reporting by Medha Singh in Bengaluru; Editing by Anil D'Silva)