While you were sleeping: Oil rebound aids stocks

Tue, 29 Dec 2015

By Margreet Dietz Dec. 30 (BusinessDesk) - Equities advanced on both sides of the Atlantic, while US Treasuries and German bonds declined, as battered oil prices rose. Oil prices rebounded. West Texas Intermediate crude rose 2.2 percent to US$37.63 a barrel while Brent gained 2.7 percent to US$37.60. While a respite from the 2015 slump, the outlook for oil remains gloomy. "Fundamentals remain very bearish," ING Bank analyst Hamza Khan, told Reuters. Wall Street moved higher. In 12.10pm trading in New York, the Dow Jones Industria...

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