From the daily archives: Saturday, February 24, 2018

Oil Futures Lifted by Equities Rally

On February 24, 2018 - 12:59 PM By

[George Orwel, DTN] New York Mercantile Exchange spot-month oil futures rallied to better than two-week highs this afternoon on the back of higher equities, with investors less concerned that a Jerome Powell-led Federal Reserve would rush to raise interest rates as the U.S. economy strengthens. “A rebound in the stock market and reports of a […]

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[William Watts and Rachel Konning Beals, MarketWatch] Oil futures held on to gains Friday after data showed producers added one additional rig this week, leaving crude to notch its second consecutive weekly gain as it continues to claw back ground lost in a selloff earlier this month. West Texas Intermediate crude oil for April delivery CLJ8, +1.27%  on […]

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