Oil prices lift stock markets on Friday

Source: Reuters
© Reuters
On Friday, the US and Germany released their positive forecast for global oil demand growth, sending oil prices higher. Brent added 5.3%, trading at $41.53 per barrel, while WTI increased 6.2% to $39.55 by 15:30 GMT. Thus, the Dow Jones Industrial Average Index gained around 0.5% to 17,630.58 points, whereas the S&P 500 Index raised almost 0.6% to 2,053.88, and the Nasdaq Composite Index jumped 0.3% to 4,863.24.
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