Financial Times FT.com

Wall Street lifted by higher energy prices

By Anuj Gangahar in New York

Published: May 28 2009 14:05 | Last updated: May 29 2009 00:03

US stocks rose on Thursday as oil prices climbed, sending energy stocks higher and investors digested a mixed set of economic reports.

Shares in General Motors fell 2.6 cent to $1.12, as its hopes of finding a faster exit from bankruptcy rose after some of its biggest bondholders agreed to a sweetened 11th-hour offer from the troubled carmaker.

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