TSX Surges as Oil Prices Stabilize

The Toronto Stock Exchange gained 158.42 points as oil prices climbed nearly $2 to fight back against three year lows seen yesterday.

According to the CTV News:

Oil prices jumped $1.92 to US$79.11 a barrel a day after West Texas Intermediate on the New York Mercantile Exchange tumbled to a three-year low in response to plans by Saudi Arabia to cut oil prices to its U.S. customers.

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