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Oil rally could extend into summer

Oil rally could extend into summer Elizabeth Low and Alex Longley, Bloomberg Feb. 24, 2021 FacebookTwitterEmail The effects of the winter storm in Texas may be seen on crude stockpiles when government data is released Wednesday.David Paul Morris / Bloomberg Oil climbed again, with mixed news on global inventories offset by expectations of a prolonged market rally into the summer. Futures in New York climbed as much as 1.4%, wiping out an earlier loss. The American Petroleum Institute reported crude inventories increased by 1.03 million barrels last week, though stockpiles at a key European storage hub are at their lowest level since September, according to Genscape. The structure of the futures curve continues to indicate tighter supply.

Electric vehicle startup raises $4 billion in SPAC offering to compete against Tesla

Lucid SPAC Gives Up Some of Giant Gain After Pact Confirmed

Lucid SPAC Gives Up Some of Giant Gain After Pact Confirmed
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Lucid SPAC Gives Up Some of Massive Gain After Merger Confirmed

Lucid SPAC Gives Up Some of Massive Gain After Merger Confirmed
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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