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Oil regains $60 US level, sparks rally on TSX; U.S. indexes at record highs

Oil prices are up sharply Thursday, regaining the $60 US per barrel level and sparking a rally in energy stocks.

As of about 2:10 pm EDT, near-month futures for West Texas Intermediate (WTI) crude are up about $1.42 US per barrel to $60.40, after a larger-than-expected weekly drawdown in U.S. 123 more words


TSX climbs, U.S. indexes struggle to end week

With less than two hours to go in the trading day Friday, Toronto’s lead equity index is the only one flashing green.

As of about 2:17 pm EDT, the S&P/TSX Composite Index is up more than 58 points to 15,086, with all but two of the market’s 10 sectors — health care and financials — in positive territory. 114 more words


Stantec shares jump on strong Q1 results; Stock markets post gains

Shares of Stantec Inc. are up sharply in mid-day trading Thursday, after the Edmonton-based engineering and professional services consulting giant posted strong first-quarter results.

As of about 1 pm EDT, Stantec’s shares are up $1.51 apiece on the day to $34.50, on volume of about 135,000 shares. 227 more words


Oil prices dip Friday, but post 7th straight weekly gain; stocks up sharply

Oil prices, which have been in rally mode since mid-March, gave up a bit of ground Friday but still closed above the $59 US per barrel mark on the New York Mercantile Exchange. 151 more words


Oil prices continue to rally, zero in on $60 US a barrel

Oil prices continued to rally Thursday and are now within a hair of the $60 US per barrel mark, up from a mid-March low of about $43.50. 206 more words


Oil prices defy the bears, WTI nears $59 US a barrel

Not a day goes by without another bearish prediction on oil prices.

“Five reasons the oil rally is doomed,” shouts a typical headline in Wednesday’s Globe and Mail, a newspaper that seems to specialize in oilpatch doom and gloom stories. 288 more words


Stocks gain, Nasdaq reaches new high; oil slips below 2015 peak

Stock markets ended the week in the green, with the tech-laden Nasdaq Composite Index extending its push into record high territory.

Toronto’s benchmark S&P/TSX Composite Index tacked on nearly 16 points to close at 15,408, but none of the TSX’s 10 sectors made any big moves Friday. 133 more words