(Bloomberg) -- Oil rose on signs that demand this year may be stronger than expected while an Israeli attack in Syria threatened to widen the conflict in the...
-- Oil rose on signs that demand this year may be stronger than expected while an Israeli attack in Syria threatened to widen the conflict in the Middle East.Tesla Has Wall Street Worried About How Many Cars It Just Sold
In the US, tightening supplies at the key storage hub in Cushing, Oklahoma, have propped up prices for near-term barrels. The so-called WTI cash roll — the price for barrels for immediate delivery at Cushing — traded at a premium of $1.50 a barrel Monday, the highest since early March, traders said. Yet traders are keeping a close eye on a potential reversal after money managers poured heavily into oil the previous week. Brent long positions rose to the highest in more than a year last week, according to figures from ICE Futures Europe. Algorithms for the global benchmark reached their maximum long positions, according to data from Bridgeton Research Group. -- Rakuten Group Inc., the debt-laden online retailer, said it will consider combining its financial units to promote collaboration.
Great week for Regis Resources Limited institutional investors after losing 3.1% over the previous year
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