Global dividend payments could rebound by as much as 5% this year, a new report estimated on Monday, after the coronavirus caused the biggest slump in payouts since
Crude ETFs Climbing Again Amid Talk of a Commodities Supercycle
Crude oil and crude ETFs are making considerable gains Monday on renewed supply concerns and recovering demand.
While international benchmark Brent crude gained $1.78, or 2.85% to trade $64.70 per barrel, West Texas Intermediate (WTI) crude oil climbed $1.89, or 3.2%, to trade at $61.13 per barrel.
Abnormally frigid conditions in Texas and the Plains states forced the closure of as much as 4 million barrels per day (bpd) of crude production, as well as 21 billion cubic feet of natural gas output, analysts estimated. The natural gas shutdown has caused widespread problems throughout Texas, New Mexico, and Arizona, where a plethora of customers were either freezing or paying exorbitant energy bills.