MARKETS Close: US stocks rally with all 3 major indexes setting all-time closing marks as #oil prices climb to close at $43.49 in the wake of comments from the Saudi oil minister about stabilizing prices – @AceFinanceNews

#AceFinanceNews – Aug.11: Today’s rally in the stock market is being fueled, in part, by rising oil prices.

Petroleum traded higher in the wake of comments from the Saudi oil minister about stabilizing prices and a forecast that crude markets would tighten in the second half of the year

US stocks rally with all 3 major indexes setting all-time closing marks as oil prices climb – CNBC
US markets (close): DJIA 18,612.49 (+116.83/+0.63%), S&P 500 2,185.78 (+10.29/+0.47%), NASDAQ 5,228.40 (+23.81/+0.46%), NYSE 10,844.28 (+69.30/+0.64%)

CNBC notes that the S&P 500 has now joined the Dow marking a new all-time record high, amid gains in oil prices and earnings from retailers. The S&P is trading at 2,188

http://cnb.cx/2bbeb4e

Oil futures settle at a near 3-week high; September deliveries close at $43.49 a barrel – MarketWatch
http://on.mktw.net/2blMmm6

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