Put investors in a buying mood and lifted the major indexes for the first time in the fourt first, oil prices settled oh so close to 50 a barrel. Then there was a spade of solid economic repor that reversed fears that the economy hit a wall in august. More on both of those stories in a moment. First here are the closing numbers. The Dow Jones Industrial average climbed 112 points to 18,281. The nasdaq added 26 and the s p 500 was up 9. Lets talk about oil. First, which has its sights set on 50 a bar the price of domestic crude hit its high yefl level since june. The commodities settled up more than 2 to 49. 83. But will those prices hold at these levels . Jackie deangelis takes a look. Reporte the price of crude oil up about 12 in the last month. A tentative deal from opec to freeze product near record levels, boosting prices. While analysts feel capping producti at 32. 5 Million Barrels wont necessarily impact the supply demand dynamics, they think its an important step, a sign, perha
And lifted the major indexes for the first time in the fourt first, oil prices settled oh so close to 50 a barrel. Then there was a spade of solid economic repor that reversed fears that the economy hit a wall in august. More on both of those stories in a moment. First here are the closing numbers. The Dow Jones Industrial average climbed 112 points to 18,281. The nasdaq added 26 and the s p 500 was up 9. Lets talk about oil. First, which has its sights set on 50 a bar the price of domestic crude hit its high yefl level since june. The commodities settled up more than 2 to 49. 83. But will those prices hold at these levels . Jackie deangelis takes a look. Reporte the price of crude oil up about 12 in the last month. A tentative deal from opec to freeze product near record levels, boosting prices. While analysts feel capping producti at 32. 5 Million Barrels wont necessarily impact the supply demand dynamics, they think its an important step, a sign, perhaps, that saudi arabia is admitt
Effect. Theyre discussing how the sanctions would be lifted. Leaders want them to be lifts as quickly as possible. American and western nations are trying to prevent iran from developing nuclear weapons. They couldnt hammer out a deal. U. S. State Department Spokesperson marie heart said in a statement that enough progress has been made in the last days to merit an extension. But she said there are several difficult issues still on the table. Voters in nigeria have chosen a ruler to leave the ruling party. People said measures against terrorism were among the most pressing issues in the election. Theyve seen numerous attacks by the Islamic Militant group boko haram. Local media reports say inging jonathan has conceded defeat. He says unity, stability and progress of our dear country is more important than anything else. Its the first change of power since 1999 when the country shifted from military rule to a civilian government. Nigeria is africas biggest economy and its Largest Oil Pr
Irans Nuclear Program remain in effect. Theyre discussing how the sanctions would be lifted. Leaders want them to be lifts as quickly as possible. American and western nations are trying to prevent iran from developing nuclear weapons. They couldnt hammer out a deal. U. S. State Department Spokesperson marie heart said in a statement that enough progress has been made in the last days to merit an extension. But she said there are several difficult issues still on the table. Voters in nigeria have chosen a ruler to leave the ruling party. People said measures against terrorism were among the most pressing issues in the election. Theyve seen numerous attacks by the Islamic Militant group boko haram. Local media reports say inging jonathan has conceded defeat. He says unity, stability and progress of our dear country is more important than anything else. Its the first change of power since 1999 when the country shifted from military rule to a civilian government. Nigeria is africas bigges
Had hello and welcome to Worldwide Exchange. Im kelly evans and these are your headlines from around the world. Bank of japan steps up its easing agenda under heavy pressure doubling its inflation a target and fed style openended qe starting next year. President obama lays out a liberal position for his second term during his inaugural address. And brewing giant sab miller reports a growth in third revenue quarter after chinas growi coldest winter in 28 years sees an increase in lagger. Ross westgate is in davos. In the meantime, big news out overnight, this one for Global Markets. The bank of japan delivered what markets had been banking on with a joint commitment to double its inflation target to 2 . It says it will buy 145 billion of assets each month starting in 2014 with no set deadline to finish the purchases. All that said, the yen is strengthening this morninfor mot be disappointed, lets get straight out tore kaori enjoji. Were seeing again in markets a little disappointment. D