Global markets today: Oil prices jump, investors shun stocks

News Snapshot:

World markets today: Crude oil prices jumped, gold and the US dollar also gained as investors across the global markets shunned riskier assets like stocks. Oil prices soared by as much as 5% as fears of tightening supply drove Brent crude futures as high as $89 per barrel and US crude futures topping $87 a barrel. US stocks On Wall Street, the US stock indices reversed earlier losses on Monday. The Dow Jones Industrial Average rose 192.12 points, or 0.58%, at 33,599.7. The S&P 500 gained 27.9 points, or 0.65%, at 4,336.4. The Nasdaq Composite added 58.70 points, or 0.44%,...