Wall Street hits fresh record highs, department stores surge

Wall Street stocks hit fresh record highs on Thursday as rising oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment. Crude oil jumped 5.0 percent on comments from the Saudi oil minister about potential action to stabilise prices and the International Energy Agency's forecast that crude markets would rebalance in the next few months. Macy's shares soared 18 percent, marking the best day for the department store operator in nearly eight years after it