Twitter Pops on Fake Bid; Stocks Gain After Crude Oil Bounces

Stocks scored a fourth straight session of gains on Tuesday as crude oil bounced. Gains were against the odds after Iran secured a nuclear deal which would ease sanctions. Crude oil closed at its highest level since July 2 despite the threat of Iranian oil flooding the market. Economists argued the new production source would not be as disruptive to the supply-demand dynamic as expected. The bounce in crude prices benefited energy stocks. Royal Dutch Shell (RDS.A) and Chevron (CVX) were among the major oilers to close higher. Twitter (TWTR) enjoyed brief gains in the middle of the day after another Wall Street hoax. Media outlets accidentally picked up on a fake article reporting that the social network was the focus of a $31 billion takeover bid.