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Wall Street opens slightly higher on healthcare; oil steadies

Gains were limited as the commodity continued to hover near seven-month lows

Reuters 

US stocks opened higher on Wednesday as healthcare stocks rose and oil prices steadied but gains were limited as the commodity continued to hover near seven-month lows. Oil has lost 20 percent in value this year as a global oversupply continues to weigh on prices despite efforts by major producers to reduce output. Oil prices are on track for their biggest slide in the first half of any year since 1997. Brent crude pared early losses to trade slightly lower at $45.90, while US crude was marginally up at $43.53 after Iran's oil minister said OPEC members were considering ...

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First Published: Wed, June 21 2017. 20:10 IST
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