Oil Advances as Equities Rise Amid Signals Economy to Recover
This article is for subscribers only.
Oil rose for the first time in four days in New York as an advance in U.S. equities signaled the economic recovery may accelerate.
Crude gained 0.8 percent, erasing an earlier drop, as the Standard & Poor’s 500 Index increased amid advances in consumer stocks and St. Louis Federal Reserve President James Bullard said the Fed may be able to cut about $100 billion from its plan to buy Treasury securities as the economy rebounds.