• İstanbul 18 °C
  • Ankara 13 °C

US stock market opens higher with oil price rise

US stock market opens higher with oil price rise
Canadian wildfires raise concerns on secure oil supply from country

NEW YORK (AA) - The stock market opened higher on Tuesday with increasing oil prices.

The Dow Jones rose 79 points to begin the day at 17,785 points. The S&P 500 increased 8 points to open at 2,067, while the Nasdaq was up 15 points to begin the day at 4,765.

Oil prices were on the rise at the opening bell, as wildfires in the oil-rich Canadian province of Alberta continue to raise concerns in the global crude market about secure oil supply from the country's tar sands.

Due to the wildfire, around 1.5 million barrels of oil production per day on average have been taken off the global crude market, which have created an upward pressure on oil prices.

The American benchmark West Texas Intermediate was up 3.4 percent to trade at $45.30 per barrel when the stock market opened, and the International benchmark Brent crude was around $46.12 with a 3.3 percent increase.

source: News Feed
This news is a total 198 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
  • Turkey's Borsa Istanbul down 0.42% at Thursday's close16 September 2021 Thursday 19:23
  • Turkey's president hails economic growth despite pandemic challenge16 September 2021 Thursday 18:53
  • IMF approves $67M emergency support for Equatorial Guinea16 September 2021 Thursday 18:38
  • US stock market opens lower except Dow Jones16 September 2021 Thursday 17:33
  • US retail sales increase strongly in August16 September 2021 Thursday 16:58
  • US initial jobless claims increase by 20,00016 September 2021 Thursday 16:38
  • Turkish fin-tech start-up receives $30M investment16 September 2021 Thursday 14:28
  • EU international trade up in July16 September 2021 Thursday 14:03
  • Asian markets close day down16 September 2021 Thursday 13:58
  • Turkish private sector's foreign debt falls in July16 September 2021 Thursday 12:28
  • All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
    Haber Scripti: CM Bilişim