09-03-2016 20:43 via rocketnews.com

Wall Street gets boost from crude oil recovery

By Abhiram Nandakumar(Reuters) – Wall Street was higher on Wednesday afternoon as a strong recovery in oil prices pushed energy shares higher. Brent crude extended gains above $40 a barrel, after U.S. crude stockpiles rose in line with estimates last week and gasoline inventories fell more than expected.Crude oil has rallied in recent weeks, but industry watchers remained skeptical of a sustained recovery in prices as the markets are dealing with a massive oversupply.The rise in oil prices
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