• İstanbul 9 °C
  • Ankara 11 °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 101 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
  • Barcelona to host over 1,000 entrepreneurs17 November 2017 Friday 15:33
  • Turkey looks to enhance ties with D-8 economic group17 November 2017 Friday 14:23
  • Turkey-made disguise fabric to sell globally17 November 2017 Friday 13:28
  • Turkey: New companies rise 30pct17 November 2017 Friday 09:28
  • Borsa Istanbul starts day with rise17 November 2017 Friday 09:23
  • US House OKs $1.5T tax bill, but future uncertain17 November 2017 Friday 01:13
  • Turkish stocks down at close16 November 2017 Thursday 22:03
  • Turkey 'not indifferent' to inflation, says Deputy PM16 November 2017 Thursday 16:38
  • Merkel to limit coal despite high usage in Germany16 November 2017 Thursday 15:48
  • Turkey-Montenegro economic committee meets in Ankara16 November 2017 Thursday 14:13
  • All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
    Haber Scripti: CM Bilişim