Equities Buoyed as Brent Approaches US$50/bbl

Wall Street firmed led by strong energy prices. Bigger than expected output disruption in Nigeria and positive views from Goldman Sachs have helped lift oil prices to 6-month highs. The front-month WTI crude contract initially soared to US$47.98, the highest level since November, before settling at US$47.72, up +3.27%.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/equities-buoyed-as-brent-approaches-us50bbl-2016051732919/