Oil prices climbed on Thursday as the US stock market regained ground a day after Wall Street's worst meltdown in seven years and as Saudi Arabia's energy minister signaled major producers may need to intervene in crude markets to support prices.
The Dow Jones Industrial Average rose 1.6% and the benchmark S&P 500 stock index jumped 1.8% as companies like software maker Microsoft, automaker Ford Motor and tech giant Twitter reported strong third-quarter earnings, allaying some fears that slowing growth would hit oil demand.
