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Oil prices jump, WTI tops $56 US a barrel; stock markets up sharply

Oil prices are up sharply Wednesday on the New York Mercantile Exchange, as traders grow more confident that U.S. output is poised to drop while global demand is firming up. 281 more words

Edmonton

Beyond the oilpatch, there is no 'profit recession,' says Rosenberg

For weeks now, the financial press has been running dire stories about a ‘profits recession’ in the first half of 2015, warning that shrinking earnings in the first two quarters of the year could threaten the aging, six-year-old bull market. 313 more words

BizBuzz

Energy, gold stocks lead rally on TSX; Dow jumps 170 points

Stock markets are rallying Monday, with gold and oil stocks leading the charge on the Toronto Stock Exchange.

With a little over an hour left in the trading session, Toronto’s benchmark S&P/TSX Composite Index is up about 110 points to 15,137, with energy and gold issues leading to the upside. 105 more words

BizBuzz

Oil prices tumble as Iran extend talks with West on nuke accord

Oil prices tumbled Thursday after Iran and Western negotiators agreed to continue talks aimed at reaching a deal on Iran’s nuclear development program by June 30. 180 more words

BizBuzz

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

BizBuzz

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

BizBuzz

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

BizBuzz