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Oil prices swoon, fall below $49 US a barrel

Oil prices plunged Friday but still wound up ahead by roughly five per cent on the week, as worries over the impact of fighting in Yemen on global oil markets dissipated. 124 more words


Oil prices continue to rebound; WTI closes at $47.45 US a barrel

Oil prices continue to rebound, confounding the skeptics, partly due to a weaker U.S. dollar.

The May futures contract for West Texas Intermediate (WTI), the benchmark grade of U.S. 169 more words


Stocks, oil prices in rally mode as Nasdaq tops 5,000 level; AutoCanada shares crushed

Stock markets are marching higher again Friday, with Toronto’s lead index and the Dow Jones Industrial Average both ahead by triple digits.

Oil prices are also in rally mode after touching new six-year lows earlier in the week. 362 more words


Fed drops "patient" lingo; stocks, oil prices rocket higher

As expected, the Fed’s Open Market Committee has dropped the word “patient” from its latest interest rate policy announcement, implying that a U.S. interest rate hike could come by June. 151 more words


TSX erases losses, heads higher; US indexes lower on Fed rate hike fears

Toronto’s benchmark S&P/TSX Composite Index has rebounded from early losses Tuesday but two of the three major U.S. indexes remain in negative territory in mid-afternoon trading. 196 more words


Stocks post broad gains; energy shares drop on plunging crude prices

It’s getting to be a familiar pattern: stock markets are charging higher in Monday afternoon trading, but as usual, energy issues are the exception as crude prices sink to new lows. 147 more words


Stock markets climb, oil prices sag in Thursday trading

Stocks are heading higher Thursday in both Toronto and New York, despite another ugly day for oil prices.

In Toronto, the benchmark S&P/TSX Composite Index is up about 25 points to 14,763 as of 2:45 pm EDT, with financials and information technology shares leading on the upside, and energy stocks heading south. 92 more words