The ASX 200 rebounded strongly today, more than reversing yesterday’s declines. This was driven, in large part, by a surging oil price, despite a collapse in the iron ore price.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1.1% to 5500 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1.1% to 5560 points
  • AUD/USD at US 73.98 cents
  • Iron Ore at US$72.08 a tonne, according to the Metal Bulletin
  • Gold at US$1,169.40 an ounce
  • Brent oil at US$52.05 a barrel

BHP Billiton Limited (ASX: BHP) surged 4.9% thanks to the oil rebound.

Its fellow energy producers, including Woodside Petroleum Limited (ASX: WPL), Santos Ltd (ASX: STO), Sundance Energy Australia Ltd (ASX: SEA) and Origin Energy Ltd (ASX: ORG) all climbed between 6.5% and 14.3%, as well.

Iron ore miners Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: FMG) escaped any damage, soaring 8.2% and 1.7%. South32 Ltd (ASX: S32) lifted 6.3%.

The gold miners endured more pain today. EVOLUTION FPO (ASX: EVN) dropped 6.2% and Beadell Resources Ltd (ASX: BDR) lost 9%.

Aconex Ltd (ASX: ACX) had another day to forget. Its shares dropped 5.9% while Transurban Group (ASX: TCL) fell 3.9%.

Meanwhile, Vocus Communications Limited (ASX: VOC) managed to stem the losses. Its shares fell 0.2% still, but that’s a lot better than the 27.6% fall the shares have endured over the past two sessions.

Here are Wednesday’s top stories:

  1. Top stock picks for December
  2. How OPEC has sent the oil price and shares rocketing
  3. 2017 stock idea: Commonwealth Bank of Australia
  4. Look out below: ASX gold miners CRUSHED again
  5. Is CSL Limited a good company for new investors?
  6. Iron ore price collapse: Is it time to sell your miners?

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.