Oil lifts world markets


Rising oil prices are helping global stocks move up this morning as U.S. markets appear poised for a fourth straight session of gains. The S&P 500 is up 0.21% and the Dow is up 0.27%. There were 262,000 initial claims for unemployment in the week of February 13, down from 269,000 the previous week.

Asian stocks finished mixed Thursday as oil prices moved higher. The Nikkei rose 2.28%, and the Shanghai was down 0.16%.

European  stocks are mixed today as commodities and banking shares continue to lift markets. The FTSE is down 0.44%, while the DAX is up 1.61%.   

Energy futures are up today. The price for West Texas Intermediate crude oil is up $0.68 to $33.66 per barrel, while natural gas is down $0.03 to $1.98. Metals prices are mixed. Gold is down $5.40 to $1,246.00 per ounce and platinum is down $10.80 to $938.90 an ounce. The Dollar is up versus the Euro and down against the Yen.

NVIDIA Corporation (NVDA), AbbVie Inc. (ABBV), and Kite Pharma, Inc.(KITE) are early risers, while Jack in the Box Inc.(JACK), Perrigo Company Public Limited Company (PRGO) and Devon Energy Corporation (DVN)are down. [InvestorsKeyhole, news and data sources]

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