The Traderszone Network

Published in TZ Latest News 27 August, 2015 by The TZ Newswire Staff

Oil prices rise more than 4 percent as equities rally

Oil prices jumped more than 4 percent on Thursday after a rally in equity markets and an unexpected fall in U.S. crude inventories, but worries over the health of the Chinese economy and a global oil glut kept the outlook uncertain. World stock markets rallied on Thursday as Chinese shares recovered on hopes that government measures to stimulate the economy would pay off, while the dollar also rallied as risk aversion eased.