One of Wall Street's favorite guessing games in recent weeks: "When will oils begin to catch up with the rest of the market?" The answer came last week, as surging oil-company earnings reports gave oil shares their sharpest rise since the easing of the Suez crisis in December 1956. Standard Oil Co. (NJ.) rose 3$ points to 54⅛ as it reported earnings of $1.47 per share, v. $1.22 in the first half last year. Gulf Oil Corp. stock added 6| points during the week to close at 116⅛, after reporting first-half earnings of $4.38...
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