Major US stock indices closed higher on Monday, as crude oil prices surged by more than $2 per barrel.
West Texas Intermediate (WTI), the US oil benchmark, rose to $98.17 per barrel during the session.
In equity markets, the Dow Jones Industrial Average gained 95 points to reach 49,704. The tech-heavy Nasdaq Composite edged up 27 points to close at 26,274.
The S&P 500, a broad measure of market performance, also trended upward, rising approximately 14 points to settle at 7,412.
//Petra// AF
Major US stock indices closed higher on Monday, as crude oil prices surged by more than $2 per barrel.
West Texas Intermediate (WTI), the US oil benchmark, rose to $98.17 per barrel during the session.
In equity markets, the Dow Jones Industrial Average gained 95 points to reach 49,704. The tech-heavy Nasdaq Composite edged up 27 points to close at 26,274.
The S&P 500, a broad measure of market performance, also trended upward, rising approximately 14 points to settle at 7,412.
//Petra// AF
Major US stock indices closed higher on Monday, as crude oil prices surged by more than $2 per barrel.
West Texas Intermediate (WTI), the US oil benchmark, rose to $98.17 per barrel during the session.
In equity markets, the Dow Jones Industrial Average gained 95 points to reach 49,704. The tech-heavy Nasdaq Composite edged up 27 points to close at 26,274.
The S&P 500, a broad measure of market performance, also trended upward, rising approximately 14 points to settle at 7,412.
//Petra// AF
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US stock indices rise as oil prices surge past $98
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