Crude Oil Rises to Four-Day High

Bloomberg reports that crude oil surged to a four-day high.

The market news is quoted as saying:

Futures advanced 1.3 percent as the flood moved south from Memphis, threatening refineries and shipping traffic before emptying into the Gulf of Mexico in about two weeks. Stocks strengthened as companies raised earnings forecasts, sending the Standard & Poor’s 500 Index up for a third day.

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