The Day In Review: Oil Ignites Biotech

A huge drop in the price of oil was enough to power the Centient Biotech 200™ higher by almost 2% in heavy trading. Oil fell by $3.64 a barrel to close at $45.49. We review several individual stocks with news that created large moves in their stocks, while one company got knee-capped by the FDA when it falsely claimed to have no knowledge of their “product.”