Higher Oil Means Higher Stock Prices??? - This was not the tune the analysts are playing during the bull run where any oil price increase created a downward pressure on stock prices.
Wall Street points to moderately higher open as oil prices rise amid tension in Middle East
NEW YORK (AP) -- Wall Street took comfort from a rise in oil prices and headed toward a higher open Monday, though investors remained cautious as Israel continued its attack on Gaza for a third day.
Oil rose above $40 a barrel Monday after the conflict between Israel and Gaza's Hamas rulers raised tensions in the Middle East. Light, sweet crude rose $2.52 to $40.23 a barrel in premarket electronic trading on the New York Mercantile Exchange.
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