Shares hit two-month high as oil edges up

By Dion RabouinNEW YORK (Reuters) – A late bounce on Wall Street, backed by a rise in oil prices, helped propel a measure of global equity markets to its highest in nearly two months on Wednesday.
The move higher in crude futures, which rose about 1 percent despite a report that showed U.S. stockpiles at a record high, spurred U.S. stocks to a higher close on the day.
The march upward by oil likely shows selling in the commodity has “washed out,” said Jack Ablin, chief investme