Crude oil prices rise, markets open higher

The markets opened higher with the Dow rising 27 points to 17,078 as crude oil prices climbed. Nasdaq gained 19 points to 4,829.

On the upside

UTi Worldwide (Nasdaq: UTIW) will be acquired by DSV for a premium of approximately $1.35 billion.

Shares of Genie Energy (NYSE: GNE) continued rising.

Rising crude oil prices lifted shares of Energy XXI (Nasdaq: EXXI).

On the downside

LDR Holding (Nasdaq: LDRH) reported preliminary third quarter revenue that fell short of analyst expectations.

MKM Partners downgraded The Gap (NYSE: GPS) from a Buy rating to a Hold rating.

Shares of BioCryst Pharmaceuticals (Nasdaq: BCRX) extended its losses.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 held steady at 2,013. Bitcoin added $1 to $243.