Wall Street clawed back some of its steep losses from last week, but September is still on track to be its worst month of the year despite Monday’s gains.

Oil-related stocks led the way, as Exxon Mobil rose 1.1% and Conocophillips gained 1.6%.

As a group, energy stocks in the S&P 500 climbed nearly twice as much as any of the other 11 sectors that make up the index.

While crude oil prices were mixed Monday, they’ve leaped sharply since the early summer.

Oil’s jump has helped to hurt Wall Street broadly, where the realization is sinking in that the Federal Reserve will likely keep interest rates high well into next year.

The Fed is trying to ensure high inflation gets back down to its target, and it said last week it will likely cut interest rates in 2024 by less than earlier expected. Its main interest rate is at its highest level since 2001.