Oil Rises With Lower US Stockpiles and OPEC+ Meeting to the Fore

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(Bloomberg) -- Oil extended a rally after an industry report pointed to a drawdown in US crude inventories, ahead of an OPEC+ meeting at which the group is...

-- Oil extended a rally after an industry report pointed to a drawdown in US crude inventories, ahead of an OPEC+ meeting at which the group is expected to affirm current supply cuts.Trump Got His $175 Million Bond From a Billionaire Fan’s CompanyWest Texas Intermediate rose toward $86 a barrel to trade at the highest since October, with Brent crude closing just shy of $89.

-- Shares of BCE Inc. tumbled to the lowest in more than a decade and Rogers Communications Inc. suffered its biggest drop of 2024 after BMO Capital Markets published a darker outlook on Canada’s telecom sector.

-- Big tech may be driving the stock market, but after a blow-out first quarter, big oil would like a word.

Source: News Formal (newsformal.com)

 

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