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30Nov2016 Market Close: Oil Surges Over 8 Pct, Energy Stocks Gain But Broad Indexes Mixed; Dollar Stronger, Gold Down

Wednesday, November 30, 2016 15:17
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Written by Gary

U.S. stocks were mixed after the close on Wednesday, as gains in the Oil & Gas, Basic Materials, and Financials sectors led shares higher while losses in the Utilities, Telecoms and, Consumer Goods sectors led shares lower. Crude oil for delivery in January rose 8.51% or 3.85 to hit $49.08 a barrel, while the February Brent oil contract rose 8.85% or 4.19 to trade at $51.51 a barrel. Gold for February delivery was down 1.31% or 15.65 to $1175.15, while the dollar rose against the euro and the yen, the US Dollar Index was up 0.57% at 101.56.

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