Markets soar a crude oil climbs

Crude oil prices climbed above $41 per barrel to lift the markets sharply higher during the midday with the Dow soaring 142 points to 17,699. Nasdaq gained 22 points to 4,856.


On the upside


Highpower International (Nasdaq: HPJ) began shipping lithium polymer batteries to DJI to be used in drones.


Denbury Resources (NYSE: DNR) stock climbed as crude oil prices rose.


Shares of offshore drilling services contractor SeaDrill (NYSE: SDRL) soared on higher crude oil prices.


On the downside


Horizon Pharma (Nasdaq: HZNP) forecast first and second quarter revenue that fell far short of analyst expectations.


Shares of Insys Therapeutics (Nasdaq: INSY) extended its losses.


Investors locked in profits on Amyris (Nasdaq: AMRS).


In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 climbed 15 points to 2,057. Bitcoin rose $4 to $423.

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