The Share and Stock Market is one of the most important ways for companies to raise their money through shares, and the objective of this blog is to provide you daily intraday news regarding stock market. You have arrived at the right place and you'll find a lot of information here on intraday news updates— basic concepts, strategies for buying and selling, time of entry and exit and a lot more.
Commodity Market Tips; Oil Ticks Up On Supply Cuts
Oil prices edged higher on Monday, with Brent oil set to rise for five out of seven sessions as a global supply glut appears to ease, but rising U.S. production limited gains. Brent crude oil climbed 0.2 percent to $56.09 a barrel, while U.S. West Texas Intermediate added 0.1 percent to $54.04 a barrel. Oil prices tumbled on Friday after U.S. Energy Information Administration data showed U.S. crude inventories rose for a seventh straight week. But the market has been supported within a tight $4 to $5 range since November, when the Organization of the Petroleum Exporting Countries (OPEC) and other producers agreed to cut production. "EIA data showed stocks rose 564,000 barrels to 518.7 million last week," ANZ said in a note.