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Oil Climbs On Saudi Cut As US Stocks Edge Higher: Markets Wrap

Oil Climbs On Saudi Cut As US Stocks Edge Higher: Markets Wrap
A rally in energy stocks lifted the S&P 500 for third straight gain, with the index briefly rising 20% above its October closing low. Crude futures advanced 2.5%, as Saudi Arabia announced it will make an extra 1 million barrel-a-day supply cut in July, taking its production to the lowest level for several years. Chevron Corp. and Exxon Mobil Corp. were higher. Meanwhile, Apple Inc. added 1.0%, on track for an all-time closing high. The company is expected to launch a mixed-reality headset at th... Read More
Posted: Jun 5 2023, 14:33
Author Name: vladimirribakov
Views: 081352

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