You are here: Home » International » News » Markets
Business Standard

Wall Street climbs on higher oil prices, quarterly earnings' reports

US crude futures rose to $63.82 a barrel, its highest since December 2014

Reuters 

US stocks rose on Thursday with a broad-based rally across sectors as speculation over China halting US bond purchases eased and investors focused on quarterly earnings reports and higher oil prices. US crude futures rose to $63.82 a barrel, its highest since December 2014, boosted by a surprise drop in US  production and lower crude inventories. Positive brokerage recommendations on oil majors Exxon and Chevron lifted their shares, helping the S&P energy index climb 0.62 percent. "It's back to a generally positive mode," said Scott Brown, chief economist ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, January 11 2018. 23:01 IST
RECOMMENDED FOR YOU