Market Watch: Oil Prices Rise Again

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U.S. stocks were higher Wednesday, thanks to the slow-but-steady recovery continued in the oil markets.

The Dow broke its four-day losing streak after closing slightly down on Tuesday. Investors hoped that a bounce in oil prices will end that streak today. Futures in the oil market extended gains on Wednesday after the Energy Information Administration raised its 2015 growth forecast.

Investors found further good news in the Euro Zone, where German officials are reportedly ready to offer further financial aid to Greece, in exchange for the Greeks committing to a concrete economic reform. The agreement was contingent upon approval from major lending operations.

Here are the final numbers from Wednesday on Wall Street:

Dow Jones Industrial Average: 18,000.40 (+236.36)

NASDAQ: 5,076.69 (+62.82) 

S&P 500: 2,105.20 (+25.05)

Phil Cannella
Partnered with CBS Radio Network, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella

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