Oil jump lifts Wall Street as jobless claims data surges

Reuters

Published Apr 02, 2020 08:53AM ET

Updated Apr 02, 2020 04:25PM ET

(Reuters) - U.S. stocks rallied on Thursday as hopes for a truce in an oil price war between Saudi Arabia and Russia and a cut in oil output drove gains, taking some sting out of a shocking jump in Americans filing jobless claims due to coronavirus-led lockdowns.