Shares of paper and packaging companies rose on Monday and followed the broader market higher as the price of oil declined.

With little economic news on Monday, investors focused on falling oil prices, which declined as much as $5 to less than $141 a barrel.

In the paper sector, a Credit Suisse analyst upgraded the industry to "Overweight" from "Underweight."

How some paper and packaging companies performed Monday:

Weyerhaeuser Co. (nyse: WY - news - people ), up 20 cents to $49.62.

AbitibiBowater Inc. (nyse: ABH - news - people ), up 25 cents, or 3.1 percent, to $8.27.

International Paper Co. (nyse: IP - news - people ), up 25 cents to $22.67.

Temple-Inland (nyse: TIN - news - people ), up 77 cents, or 7.3 percent, to $11.37.