North American equity markets bounced back in early trading Wednesday trade, with the S&P/TSX Composite Index, S&P 500, Dow Jones Industrial Average and Nasdaq Composite Index all rising about two per cent to recoup some of the losses from Tuesday’s selloff.
Oil prices ripped higher, with West Texas Intermediate crude for June delivery surging almost 32 per cent as of 9:43 a.m. ET to hit US$15.25 per barrel. Crude prices spent some time under pressure earlier in the morning, but rose rapidly after U.S. President Donald Trump said via Twitter he had ordered the U.S. Navy to “shoot down” any Iranian gunboats harassing oil tankers in the Persian Gulf.
Alberta’s Western Canadian Select rose more than 25 per cent to trade at US$4.82 per barrel, though Canadian crude is only priced a handful of times per day.
That push higher lifted some oil-related stocks on the TSX, with MEG Energy Ltd. shares rising 17 per cent, Calfrac Well Services Ltd. up nearly 14 per cent and Tamarack Valley Energy Ltd. up more than nine per cent.
The risk-on trading action sapped demand for traditional safe havens, sending the Japanese Yen, U.S. dollar and treasuries lower. The Canadian dollar rose about half a per cent against its U.S. counterpart to 70.75 cents U.S.
https://news.google.com/__i/rss/rd/articles/CBMiWmh0dHBzOi8vd3d3LmJubmJsb29tYmVyZy5jYS9ub3J0aC1hbWVyaWNhbi1lcXVpdHktbWFya2V0cy1ib3VuY2UtYmFjay1vaWwtc3VyZ2VzLTEuMTQyNDkxMtIBAA?oc=5
2020-04-22 14:05:00Z
52780738992009
Tidak ada komentar:
Posting Komentar