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Closing Bell: Stocks Rally as Crude Tops $37

June 16, 2023
in Trade Tube
Reading Time: 1 min read
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Stocks rallied on day one of the Federal Reserve’s December meeting and as crude oil topped $37 a barrel. Over the last two days, crude has rebounded from its worst weekly performance of the year last week. The energy sector led markets higher. Among major oilers, Exxon Mobil (XOM) jumped nearly 5%, while Chevron (CVX) climbed more than $3 a share. Praise following the L.A. premiere of ‘Star Wars: The Force Awakens’ pushed Walt Disney (DIS) shares higher. Fans’ Twitter reaction following the screening has been overwhelmingly positive. The film is forecast to gross nearly $3 billion worldwide. Baker Hughes (BHI) and Halliburton (HAL) were briefly halted after the companies said they had extended the time period to close their proposed merger.

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