CANADA STOCKS-TSX futures gain as gold prices rise, oil hovers at one-month high Reuters 4 hrs ago
April 15 (Reuters) - Futures for Canada s main stock index rose on Thursday as gold prices jumped on the back of softer Treasury yields and a weaker dollar, while crude oil levels lent support to faster economic rebound hopes.
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June quarter futures on the S&P/TSX index were up 0.4% at 7:00 a.m. ET.
The Toronto Stock Exchange s S&P/TSX composite index ended 0.2% lower at 19,171.66 on Wednesday.
Dow Jones Industrial Average e-mini futures were up 0.5% at 7:00 a.m. ET. S&P 500 e-mini futures gained 0.5% and Nasdaq 100 e-mini futures were up 0.7%.
EnergyColumn: India and Saudi Arabia spar over oil prices
John Kemp
5 minutes read
A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas/File Photo
Tensions this month between India and Saudi Arabia over rising oil prices have underscored the growing importance of the bilateral relationship and its potential to generate conflict as well as cooperation.
The decision by OPEC+, the Organization of the Petroleum Exporting Countries and its allies, at the start of this month to leave output unchanged despite a near doubling of oil prices since the start of November sparked an angry exchange of words.
3 Min Read
LONDON (Reuters) -Oil prices eased on Thursday but remained close to a one-month high that was driven by more positive demand forecasts from the International Energy Agency (IEA) and OPEC as economies start to recover from the COVID-19 pandemic.
FILE PHOTO: The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann
Brent crude was down 21 cents, or 0.3%, at $66.37 a barrel by 1351 GMT after touching its highest since March 18 at $66.94.
U.S. West Texas Intermediate futures fell 33 cents, or 0.5%, to $62.82. It had earlier reached $63.48, also the highest since March 18.
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NEW YORK Oil prices edged up to fresh four-week highs on Thursday on positive U.S. economic data and higher demand forecasts from the International Energy Agency (IEA) and OPEC as countries start to recover from the COVID-19 pandemic.
After rising almost 5% on Wednesday, Brent futures rose 36 cents, or 0.5%, on Thursday to settle at $66.94 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 31 cents, or 0.5%, to settle at $63.46.
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Crude ETFs Surge Thanks to a New Report, OPEC Projections
Crude oil prices and crude ETFs are surging on Wednesday, after industry data revealed that U.S. oil inventories fell more than anticipated. The Organization of the Petroleum Exporting Countries (OPEC) also lifted its projections for oil demand.
The U.S. Benchmark, West Texas Intermediate (WTI) crude futures, rocketed $2.85, or 4.72%, to $63.44 a barrel, before paring gains slightly on Wednesday.
Analysts were unsure of the future direction for crude on Tuesday, as the market has been in consolidation for nearly a month, trading between $57 and $62 a barrel before breaking out on Wednesday.