Tuesday, 16 February 2021

Stocks rise, oil hits pandemic high

Markets rose on Monday.

The STOXX Europe 600 jumped 1.3 percent while the Nikkei 225 surged 1.9 percent to close above 30,000 for the first time in more than 30 years. US markets were closed for a holiday.

Oil prices rose, Brent crude rising 1.3 percent, a 13-month high.

“Frigid weather means that many oil wells may be shut in,” wrote oil analyst Andy Lipow wrote over the weekend.

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