US stocks close modestly higher, add to gains from last week
U.S. stocks closed modestly higher Monday, extending the market’s gains from last week. Energy stocks got a boost from U.S. crude oil prices, which closed above $70 a barrel for the first time since November 2014. Crude oil prices have been rising as investors weigh heightened geopolitical risks in the Middle East, a push by OPEC to slash oil production and strong worldwide demand amid a global economic expansion. The pickup in oil prices helped lift energy company shares. In other energy futures trading, heating oil rose 3 cents to $2.19 a gallon.
Source: National Post May 07, 2018 14:05 UTC
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