While you were sleeping: Oil, US earnings lift Wall Street

Thu, 28 Jan 2016

By Margreet Dietz Jan. 29 (BusinessDesk) - Wall Street moved higher with oil prices and better-than-expected US corporate earnings including from Facebook. Oil prices rose amid fresh reports about efforts to lower the global glut between the world’s top producers. To be sure, OPEC poured cold water on an Interfax report that it had scheduled a meeting with Russia to discuss a coordination in output cuts. “It’s possible that Russia could be testing the waters to gauge how OPEC members would respond to the idea of cuts," Jason Bordoff,...

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