canadian press: Canadian Press file photo Financial numbers flow on the digital ticker tape at the TMX Group in Toronto's financial district on May 9, 2014, according to The Toronto Star. Darren Calabrese / THE CANADIAN PRESS Oil is rallying again today, at its highest level since November, after the Energy Information Agency this morning reported an unexpected decline in U.S. inventories, while there's also more indications that OPEC and its allies continue to adhere to those pledges for curbs to production. Crude rose for another day to hit a multi-month high on a combination of rising inventories and cut-backs in production, said Candice Bangsund, portfolio manager for Fiera Capital. The April crude contract closed up 1.39 at US 58.26 per barrel and the April natural gas contract ended up 3.6 cents at US 2.82 per mmBTU. The rise in crude helped push the influential S&P/TSX energy index up 2.18 per cent on the day. The Canadian dollar averaged 75.04 cents US compared with an average of 74.75 cents US on Tuesday. Article Continued Below Higher crude prices also helped lift the loonie for a fourth consecutive day.
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