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
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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
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
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
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
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
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