Oil surges 4 percent, helping Wall Street hit record peaks

Epic Research Update : US Markets



Stocks in the United States and Europe raced higher on Thursday helped by encouraging corporate reports and a 4 percent surge in oil prices on comments from the Saudi oil minister and a forecast for a tighter crude market.
The Dow Jones industrial average rose 117.86 points, or 0.64 percent, to 18,613.52, the S&P 500 gained 10.3 points, or 0.47 percent, to 2,185.79 and the Nasdaq Composite added 23.81 points, or 0.46 percent, to 5,228.40.

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