Dovish ECB Lifted Risky Assets. WTI Crude Rebounded Sharply on Distillate Stockpile

Market sentiment rebounded after ECB signaled to add more easing measures in March. European equities soared with the Stoxx 600 index gaining +1.93% at close. Wall Street climbed higher with DJIA and S&P 500 indices adding 0.74% and +0.52$ respectively. Crude oil prices also rebounded strongly. The front-month WTI contract jumped to as high as 30.25 before settling at 29.53, up +11.22% while the Brent contract gained +4.91% for the day.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/dovish-ecb-lifted-risky-assets-wti-crude-rebounded-sharply-on-distillate-stockpile-2016012232181/