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Stocks on Wall Street closed lower on Thursday as investors shifted out of big technology names, while an unexpected rise in weekly U.S. jobless claims pointed to a fragile recovery in the labor market.
* Walmart slides as lackluster outlook overshadows upbeat Q4 sales
Stocks on Wall Street closed lower on Thursday as investors shifted out of big technology names, while an unexpected rise in weekly U.S. jobless claims pointed to a fragile recovery in the labor... | February 22, 2021
3 Min Read NEW YORK (Reuters) - Oil edged lower on Monday on uncertainty about whether the world’s major oil producers would agree to extend its deep output cuts at talks this week. The day’s decline came after a strong month for crude benchmarks, which jumped about 27% in their biggest monthly gains since May on hopes for forthcoming vaccines for COVID-19 that would presumably help economic activity and oil demand resume. Brent crude for January delivery, which expires on Monday, settled at $47.59 a barrel, dropping 59 cents, or 1.2%. The more actively traded February Brent contract was ...
Oil prices rose above $63 for the first time since last January this morning as last week’s rally continued apace. The post Oil prices climb above $63 for first time in 13 months appeared first on CityAM.