Rising oil prices boost US stocks

US stocks have closed higher for the first day this week as rising oil prices offset worries about the global economic recovery.

Rising oil prices boost US stocks
Wed, 25 May, 2011 - 23:11

US stocks have closed higher for the first day this week as rising oil prices offset worries about the global economic recovery.

Oil rose nearly two dollars to settle at 101.32 dollars per barrel, pushing energy stocks higher.

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