While you were sleeping: Oil report lifts mood

Tue, 12 Apr 2016

By Margreet Dietz April 13 (BusinessDesk) - Wall Street took its cue from rising oil prices, which overshadowed a downgraded outlook for Alcoa. Crude rose more than 4 percent after the Interfax news agency reported Saudi Arabia and Russia reached a consensus on an output freeze, citing an unidentified “informed diplomatic source” in Doha, and that Saudi Arabia will make a final decision regardless of Iran’s position. Shares of Alcoa fell, 2.7 percent lower in afternoon trading in New York, amid concern about the metals company's outloo...

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