While you were sleeping: Oil gains on inventory drop

Wed, 16 Sep 2015

By Margreet Dietz Sept. 17 (BusinessDesk) - Equities on both sides of the Atlantic rose with oil prices as the US Federal Open Market Committee began a two-day meeting that may result in its first interest rate rise since 2006. In New York trading at about 3.25pm, the Dow Jones industrial average advanced 0.80 percent, the Standard & Poor’s 500 Index gained 0.78 percent, while the Nasdaq Composite Index increased 0.45 percent. Gains in shares of General Electric, last up 2.4 percent, led the Dow higher. Shares of Chevron and Exxon...

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