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Wall Street hits record as oil, industrial stocks gain

Reuters 

By Sruthi Shankar(Reuters) - Wall Street surged to fresh highs on Thursday as rising oil prices lifted energy stocks and upbeat forecast from No. 2 U.S. carrier Delta Air Lines drove airline stocks higher.Brent crude rose above $70 a barrel and U.S. crude rose 1.57 percent to $64.58 per barrel, its highest since December 2014, boosted by a surprise drop in U.S. production and lower crude inventories. Chevron rose 3.2 percent and Exxon 1.5 percent, helping the S&P energy index gain 2.24 percent and putting it on track for its best percentage gain in more than seven months.Delta Air Lines ...

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First Published: Thu, January 11 2018. 23:53 IST
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