SCOREBOARD: Energy booster

A surprise fall in crude stocks boosted Wall Street, while the market awaited a word on Greece.

It’s the last full day of the trading week what with Thanksgiving tonight, so this is as good at it's going to get. Modest bids were the order of the day it seems and even crude managed to lift – 0.7 per cent to $87.27 despite a ceasefire between Hamas and Israel. The issue here was a surprise fall in crude stocks for the week according to the EIA, which is a surprise given the oil glut – there’s just so much of it you see. Regardless, the move did in turn provide support to equities, with energy stocks a key outperforming sector.


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