• US oil prices top $70 a barrel for the first time since 2014

    16 days ago - By Chron

    DALLAS - U.S. oil prices crashed through the $70-a-barrel mark on Monday for the first time since late 2014, foreshadowing costlier gasoline and consumer goods.
    It's not clear that pricey crude will slow down the economy, however. The stock market moved higher in afternoon trading as investors bet that companies and consumers can cope with the increase.
    Benchmark U.S. crude rose $1.03 to $70.75 a barrel in afternoon trading on the futures market in New York. The international standard, Brent crude, was up again, to around $76.
    Analysts cited concern that Iranian oil exports will fall if...
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  • Wall Street climbs on oil rally, tech gains

    16 days ago - By Reuters

    Wall Street rose on Monday as energy stocks were boosted by U.S. crude hitting $70 per barrel for the first time since late 2014, while technology shares were lifted by Apple's sixth day of gains.
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  • US oil prices top $70 a barrel for the first time since 2014

    16 days ago - By Chron

    DALLAS - U.S. oil prices crashed through the $70-a-barrel mark for the first time since late 2014, foreshadowing costlier gasoline and consumer goods.
    It's not clear that pricey crude will slow down the economy, however. The stock market moved higher in midday trading Monday, as investors bet that companies and consumers can cope with the increase.
    Benchmark U.S. crude is up 74 cents, more than 1 percent, to $70.46 a barrel on the futures market in New York. The international standard, Brent crude, is up again, to nearly $76.
    Analysts are citing concern that Iranian oil exports will fall...
    Read more ...

     

  • Wall Street lifted by gains in oil, technology shares

    16 days ago - By Reuters

    Wall Street was higher on Monday as U.S. crude hit $70 per barrel for the first time since late 2014, while shares of technology companies were lifted by Apple's sixth day of gains.
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  • These Energy Stocks Will Benefit The Most From $70/Barrel Oil

    16 days ago - By Forbes

    You want to own shares of the commodity producers because those companies can take the proceeds from higher commodity prices and invest them in projects that produce returns in excess of their cost of capital.
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