Dow rebounds as crude oil settles above $32

The markets closed sharply higher with the Dow soaring 183 points to 16,336 as crude oil prices climbed to settle over $32 per barrel. Nasdaq lost 12 points to 4,504.


On the upside


Vertex Energy (Nasdaq: VTNR) sold its re-refinery facility in Nevada for $35 million.


Rebounding crude oil prices lifted shares of Denbury Resources (NYSE: DNR).


Moody's downgraded Baytex Energy's (NYSE: BTE) Corporate Family Rating from Ba3 to Caa1 but the stock price rose as crude oil prices climbed.


On the downside


ArcBest (Nasdaq: ARCB) disappointed with sharply lower fourth quarter earnings as revenue slipped.


Investors continued to lock in profits on Capital Product Partners (Nasdaq: CPLP).


Fourth quarter earnings and revenue fell for Radware (Nasdaq: RDWR).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 gained 9 points to 1,912. Bitcoin edged up a fraction to $368.

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