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Price of oil jumps 3% after Russian fighter plane shot down

by Marley Jay, Associated Press

The price of crude oil jumped 3 percent today after Turkey shot down a Russian fighter plane near the Syrian border, and U.S. stocks managed to shake off an early slump and end slightly higher.Energy

The price of crude oil jumped 3 percent today after Turkey shot down a Russian fighter plane near the Syrian border, and U.S. stocks managed to shake off an early slump and end slightly higher.

Energy stocks rose along with the price of oil. Exxon Mobil rose 2 percent and Chevron gained 1.5 percent.

The heightened tensions in the Middle East, combined with a drop in a measure of consumer confidence last month, helped send travel-related stocks lower.

Cruise lines, Expedia and airline stocks all fell.

The Dow Jones industrial average edged up 19 points, or 0.1 percent, to 17,812.

The Standard & Poor’s 500 index rose two points, or 0.1 percent, to 2,089. The Nasdaq composite inched up a fraction to 5,102.