The International Energy Agency raised its forecast for oil demand this year, up by 230,000 barrels per day to 96.7 million. A separate U.S. government report also showed that the amount of oil supplies in inventories fell sharply last week. Within the S&P 500, Diamondback Energy was one of the top-performing stocks with a gain of 5.7%. Much of the market's focus in coming weeks will be on earnings season, as companies line up to report how much profit they made during the first three months of 2021. Expectations are very high, and this may be the best quarter of earnings growth for S&P 500 companies in more than a decade.

Source: Daily Sun April 14, 2021 18:11 UTC