Oil soared to recent multi-year high

FXstreet.com (Chicago) - Wall Street celebrated historic journey as S&P reached all time high above 1,700 on manufacturing and job market data.

Worldwide markets closed with gains as bullish sentiment spread across the markets on aftermath of outperforming ISM manufacturing index at 55.4 vs. expected 53.1 in the US. In China, the Manufacturing Managers Index also outbeat projections at 50.3 vs. estimated 49.8.

With both economies celebrating an increase in manufacturing with direct implications on consumption, oil gained 2.86% and heating oil was up 1.36%.