While you were sleeping: Energy rebound, ruble slide

Tue, 16 Dec 2014

By Margreet Dietz Dec. 17 (BusinessDesk) - Equities on Wall Street and in Europe rose as investors found value in beaten-down stocks including energy shares such as Chevron and Nabors Industries. Shares of Chevron gained 2.6 percent, while those of Nabors soared 6.6 percent. Oil stemmed its slide, at least for now. West Texas Intermediate for January delivery rose 1.5 percent to US$56.74 a barrel on the New York Mercantile Exchange, after falling as low as US$53.60 earlier in the session. In afternoon trading in New York, the Dow J...

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