Wall Street : Wall Street ends higher on yesterday, with the Dow Jones index rising 1.39 per-cent to settle at 16,620.66.Click for Free stock tips
The rise in US stocks was led by a surge in mcx crude oil prices, as international benchmark Brent gained by $1.81, or 5.5 per-cent, to $34.82 a barrel in overnight trade. US mcx crude futures also gained $2.41, or 8.1 per-cent, to $32.05 a barrel.
The International Energy Agency (IEA) on Monday told US(United States) shale oil production may drop by 600,000 barrels per day (bpd) this year and another 200,000 bpd in 2017 year.
Gains were also led by comments by Nigeria, which backed Russia & Saudi Arabia in freezing crude oil production, while giving Iran & Iraq a way out to rebound few of their market shares lost due to the western permissions.
The rise in US stocks was led by a surge in mcx crude oil prices, as international benchmark Brent gained by $1.81, or 5.5 per-cent, to $34.82 a barrel in overnight trade. US mcx crude futures also gained $2.41, or 8.1 per-cent, to $32.05 a barrel.
The International Energy Agency (IEA) on Monday told US(United States) shale oil production may drop by 600,000 barrels per day (bpd) this year and another 200,000 bpd in 2017 year.
Gains were also led by comments by Nigeria, which backed Russia & Saudi Arabia in freezing crude oil production, while giving Iran & Iraq a way out to rebound few of their market shares lost due to the western permissions.
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