Black gold continues its volatility as prices went north of $61/barrel. Investors are eagerly awaiting the weekly crude inventory reports to see what the demand for the commodity looks like. The United States Oil Fund (USO) was up 2% in morning trading.
All three major U.S. indexes are up in morning trading. The Dow Jones Industrial Average is up 1.8%, the S&P 500 gained 1.8% and the Nasdaq is up 2.4%.
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Kevin Grewal contributed to this article.