Oil Prices Bounce Back on US Budget Talk

Reuters reported that the price of oil went up on Friday after U.S. Republican leaders of the House of Representatives confirmed that they would seek to put an end to the budget impasse next week.

As quoted in the market news:

For the week, the Dow gained 1.2 percent, the S&P 0.9 percent and the Nasdaq 0.3 percent.

Click here to read the full Reuters report.