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Oil dynamics drives markets

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks ended higher on Monday as oil rebounded from seven year lows. The Dow Jones Industrial Average closed 0.6% higher and the Nasdaq Composite added 0.4%. The S&P 500 rose 0.5% led by gains in telecoms and consumer staples as investors chose the safety of defensive stocks. Market sentiment has been driven by oil prices in last sessions and stocks rebounded as crude oil prices rebounded for the first time in seven sessions. The dollar strengthened after paring early session losses

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