Oil Surges for a Second Day as Some Calm Returns to Equities

Updated on
  • Crude jumps most in two days since 2009 in rebound above $40
  • Markets watch Fed gathering in Jackson Hole for rate clues

Jackson Hole, Jefferies, Munis: What's Moving Markets

Oil surged, capping the best two-day rally since 2009, while U.S. equity investors found some relative calm in a turbulent week as Federal Reserve officials meet at Jackson Hole.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.