Wall Street rises as oil drives energy shares

Wall Street rises as oil drives energy shares
 

U.S. stocks were higher on Wednesday after oil prices hit their highest since June and fueled a rise in energy shares.
Brent crude futures rose 1.9 percent to $51.84, supported by an industry report that U.S. inventories probably fell for the fifth straight week and OPEC's deal to cut supply. [O/R]
The ADP National Employment report showed that 154,000 jobs were added in September - the lowest since April and well below 166,000 that economists had expected.
"The number came in a little lighter than forecast ... but we don't think it necessarily changes the narrative of what the Fed's... read more

 
5 October 2016 in World News, Views: 31
Source: Reuters
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