GLOBAL MARKETS-Bounce in oil prices lifts energy shares, U.S. stocks

Thu Jan 14, 2016 4:21pm EST
 
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(Updates with close of U.S. markets)

* Major U.S. indexes gain over 1 pct

* Oil prices rise over 2 pct

* Auto sector weighs on European shares

* Dollar rises against basket of currencies

* Prices for Treasuries, gold drop

By Lewis Krauskopf

NEW YORK, Jan 14 (Reuters) - The energy sector led the beaten-up U.S. stock market higher on Thursday as oil prices rebounded from 12-year lows.

Major U.S. indexes climbed about 2 percent after dropping to 3-1/2 month lows on Wednesday. Gains in stocks and oil also helped push the U.S. dollar higher, while the increases in risk assets reduced demand for safe-haven gold and U.S. government debt.   Continued...