Brent crude falls below $95 and the Dow jumps 1,500 points
Oil prices fell sharply on Wednesday and U.S. stocks rose, with PBS reporting the Dow up 1,500 points.
Brent crude, the European oil benchmark, fell below $100 a barrel on Wednesday for the first time since Oct. 7, NBC News reported. Later in the day, PBS NewsHour reported the price had dropped below $95.
U.S. stocks rose sharply at the same time. PBS reports the Dow Jones Industrial Average was up 1,500 points.
PBS tied the stock rally to the midterm elections. It said President Donald Trump's party lost its sole control of Washington. The reports do not say what caused the drop in oil prices.
Reported by
- NBC NewsOil prices drop below $100 for the first time in nearly a monthWed, Nov 4, 12:05 PM EST
- PBS NewsHourU.S. stocks surge, and the Dow soars 1,500 points as Brent oil's price drops below $95 per barrelWed, Nov 4, 3:47 PM EST
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