News Summary

• The price for a barrel of Brent crude oil, the international standard, fell 7.8% to $101.27.
• On Wall Street, the S&P 500 climbed 1.5% for its best day in nearly a month and hit another all-time high.
• The Dow Jones Industrial Average jumped 612 points, or 1.2%, and the Nasdaq composite rose 2% to its own record.Stock markets abroad had even bigger gains, with indexes leaping 6.5%, 2.9% in Paris and 2.1% in London.