Crude Oil Rises From 12-Year Lows as Traders Assess Market Rout

Crude oil advanced as investors reassessed the reasons for a drop in futures to a 12-year low. Oil rose more than 2 percent in New York and London. Global benchmark Brent rebounded after sliding below $30 a barrel Wednesday for the first time since April 2004 amid speculation sanctions on Iran may be lifted by next Monday, paving the way for increased shipments. U.S. equities rose Thursday after the biggest selloff in three months. Brent...

Gold books biggest one-day loss in a month

Gold futures settled lower on Thursday, suffering from their largest one-day dollar and percentage declines since mid-December as a climb in U.S. equities helped to dull the metal’s investment appeal. February gold fell $13.50, or 1.2%, to settle at $1,073.60 an ounce. That was its lowest settlement since Jan. 5 and the largest dollar and percentage losses since Dec. 17. Prices finished higher Wednesday as U.S. stocks were driven down...

U.S. Stocks Rally From 3-Month Lows as Energy, Health-Care Lead

Energy and health-care shares led a rebound in U.S. stocks, as the Standard & Poor’s 500 Index followed the steepest selloff since September with its strongest gain in a month, and the Dow Jones Industrial Average rallied more than 220 points. The S&P 500 rose 1.7 percent to 1,921.64 at 4 p.m. in New York, trimming in the final hour of trading a gain of as much as 2.3 percent. The recovery accelerated earlier while Federal Reserve...

U.S. Stocks Rally From 3-Month Lows as Energy, Health-Care Lead

U.S. stocks surged from three-month lows as energy and health-care shares paced a rebound, with the Standard & Poor’s 500 Index recovering after the steepest selloff since September. Equities spiked higher, reversing an early drop that sent the Nasdaq Composite Index toward a 14-month low. Energy companies jumped as crude rallied, with Exxon Mobil Corp. and Chevron Corp. gaining more than 4.3 percent. JPMorgan Chase & Co. added...

Europe Stocks Resume Declines as Global-Growth Worry Not Abated

European stocks fell, snapping a two-day rebound, amid renewed concern about global-growth prospects. The Stoxx Europe 600 Index declined 1.5 percent at the close of trading. It pared a drop of as much as 3.3 percent as energy producers reversed losses, following oil prices higher. Europe’s benchmark has still tumbled 18 percent since an April high, inching closer to the common definition of a bear market. Stocks are falling in 2016...