While you were sleeping: Highs for Wall St, oil

Thu, 11 Jan 2018

By Margreet Dietz Jan. 12 (BusinessDesk) - Wall Street renewed its ascent to record highs while oil touched the highest price in three years amid optimism about the global economic outlook. Oil rose above US$70 a barrel in London for the first time in three years. “Pretty much all of the fundamental boxes are supportive of the current rally and a bit more,” Paul Horsnell, head of commodities research at Standard Chartered in London, told Bloomberg. Wall Street also climbed. In 1.17pm trading in New York, the Dow Jones Industrial A...

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