Dwindling Oil Supply Pushes Stocks Up A Bit

NEW YORK (AP) -- Stocks extended a streak of erratic trading yesterday, rising moderately after a drop in oil inventories lifted hopes for an economic recovery.

Topics:  york ap     stocks   oil   
BING NEWS:
  • Oil prices set for a more than 4% weekly gain on supply risks tied to the Russia-Ukraine war
    Crude-oil prices sank on Friday after a gauge of European business activity sank to a 10-month low, the latest indication that demand for the essential commodity was set to weaken.
    11/22/2024 - 12:32 am | View Link
  • Oil settles down on strong US supply, losses capped by Ukraine escalation
    Oil was broadly stable on Wednesday as concerns about escalating hostilities in the Ukraine war potentially disrupting oil supply from Russia offset data showing rising U.S. crude stocks.
    11/20/2024 - 6:02 am | View Link
  • Increase in oil supply is a tailwind, but tariffs could hurt demand – analyst
    The Trump administration is expected to push to increase oil supply in 2025, and a shift towards higher broad-based tariffs could hurt global demand.
    11/15/2024 - 2:25 am | View Link
  • Oil settles slightly higher, investors focus on steep draw in fuel stocks
    Oil prices closed slightly higher in choppy trading on Thursday, as a steep draw in U.S. fuel stocks outweighed oversupply concerns and demand worries stemming from a stronger dollar.
    11/13/2024 - 1:59 pm | View Link
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