Advertisement
Singapore markets close in 2 hours 10 minutes
  • Straits Times Index

    3,188.55
    +33.86 (+1.07%)
     
  • Nikkei

    38,079.70
    +117.90 (+0.31%)
     
  • Hang Seng

    16,451.68
    +199.84 (+1.23%)
     
  • FTSE 100

    7,847.99
    +27.63 (+0.35%)
     
  • Bitcoin USD

    61,005.88
    -2,877.19 (-4.50%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     
  • Dow

    37,753.31
    -45.66 (-0.12%)
     
  • Nasdaq

    15,683.37
    -181.88 (-1.15%)
     
  • Gold

    2,393.10
    +4.70 (+0.20%)
     
  • Crude Oil

    82.72
    +0.03 (+0.04%)
     
  • 10-Yr Bond

    4.5850
    0.0000 (0.00%)
     
  • FTSE Bursa Malaysia

    1,545.13
    +4.71 (+0.31%)
     
  • Jakarta Composite Index

    7,154.20
    +23.36 (+0.33%)
     
  • PSE Index

    6,536.76
    +86.72 (+1.34%)
     

Why Oil Stocks Are Going Ballistic Today

Why Oil Stocks Are Going Ballistic Today

Oil prices are in rally mode today. WTI, the main U.S. oil price benchmark, was up 4.5% to about $39 a barrel by 10:15 a.m. EDT on Friday. Fueling the rebound in crude prices was a report that OPEC and its partners had agreed to extend their historic production cut by another two months.