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U.S. oil above $50 a barrel, sterling jumps; stocks mixed

Reuters  |  NEW YORK 

By Herbert LashNEW YORK (Reuters) - Rising demand pushed U.S. crude above $50 a barrel on Thursday, while sterling jumped after the Bank of England said it was likely to raise interest rates for the first time in a decade in coming months.Energy shares climbed on Wall Street and in Europe but stocks were mixed worldwide; a gauge of global equity indexes was slightly lower, including the benchmark S&P 500 in the United States, while the Dow and major European indexes rose.U.S. crude jumped 1.93 percent to $50.25 a barrel and Brent was at $55.79, up 1.14 percent on the day.Brent has now climbed ...

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First Published: Thu, September 14 2017. 22:02 IST