Crude oil settled above $32 per barrel to send the markets soaring to close sharply higher with the Dow leaping 210 points to 16,093. Nasdaq surged 119 points to 4,591.
On the upside
NGL Energy Partners (NYSE: NGL) declared a quarterly cash distribution of 64 cents per unit payable on February 15, 2016 to shareholders of record February 3, 2016.
Rising crude oil prices lifted shares of California Resources (NYSE: CRC).
Live Ventures (Nasdaq: LIVE) will repurchase up to $10 million worth of common stock.
On the downside
Legacy Reserves (Nasdaq: LGCY) suspended its distribution.
Digi International (Nasdaq: DGII) swung to a profit for the first quarter but revenue fell short of analyst expectations and the company forecast current quarter results below estimates.
Investors locked in profits on Freeport-McMoRan (NYSE: FCX).
In the broad market, advancing issues outpaced decliners by a margin of more than 8 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 leaped 37 points to 1,906. Bitcoin tumbled $31 to $380.
