Brent and West Texas Intermediate crudes rose to five-week highs as tension escalated between Ukraine and Russia, the world’s biggest energy exporter. Brent’s premium to WTI widened for the first time in seven days.
The Dow Jones Industrial Average , for the first time since 2005, is approaching the formation of a “golden cross” chart usually seen as bullish. If history is a guide, investors should ignore the signal, said Bespoke Investment Group LLC.
The Standard & Poor’s 500 Index is approaching the formation of a “golden cross” for the first time since 2010, historically a signal that more gains are likely to follow, Birinyi Associates Inc. said.