ADR Report-Lower oil prices bring relief, ADRs shine

Newswire

By Arindam Nag NEW YORK, Oct 27 (Reuters) - Overseas shares in the United States were upward bound on Wednesday, as oil prices fell and stocks especially sensitive to economic fundamentals like technology and industrial issues firmed up. Oil prices fell 3 percent from near-record peaks after a sharp build in U.S. crude stocks spurred traders to take profits from a fierce rally. U.S. light crude futures dropped $1.59 per barrel to $53.58. The Bank of New York's index of leading ADRs was ...

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