Oil drives toward US$70 as sagging U S stockpiles aid bull bets
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Janet Yellen just proved markets can t handle the truth
kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.
by Bloomberg
|Wednesday, May 05, 2021
Oil extended a rally after U.S. stockpiles fell and reopening drives in the U.S. and Europe showed signs of boosting demand.
(Bloomberg) Oil extended a rally after U.S. stockpiles fell and reopening drives in the U.S. and Europe showed signs of boosting demand.
Brent neared $70 a barrel and West Texas Intermediate climbed for a third day. Gasoline futures surged to the highest since July 2018.
The American Petroleum Institute reported crude supplies fell by 7.69 million barrels last week, according to people familiar with the data. If confirmed by government figures on Wednesday, that would be the largest drop since late January. The API report also showed lower gasoline and distillate inventories.
Brooke Thackray s Top Picks: May 5, 2021
Stocks climb after strong economic data, earnings
Brian Madden s Top Picks: May 4, 2021
Warren Buffett wants to make you happier, smarter and richer
Brendan Caldwell s Top Picks: May 3, 2021
Stocks pare gains into close as Nasdaq 100 drops
Chasing red-hot profit growth is a recipe for stock-market pain
Stocks that soared on COVID treatments are coming back to Earth
Eric Nuttall s Top Picks: April 30, 2021
Stocks pare biggest monthly rally since November
Doing the right thing pays off for ethical investors
How to build a portfolio that outperforms for a century
Jaime Carrasco s Top Picks: April 29, 2021
Stephen Takacsy s Top Picks: April 28, 2021