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Stock impact report

Oil rises as world grapples with Venezuelan crude output risks [MSN Money]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: MSN Money
(Bloomberg) -- Oil settled at a fresh three-year high in New York as the International Energy Agency opened discussions with major oil-producing nations about collapsing output from Venezuela, home to the world’s biggest petroleum reserves. The crisis in Venezuela deepened after President Nicolas Maduro’s victory in widely-criticized elections was followed by a U.S. prohibition on buying debts owned to the government or state-owned oil company PDVSA. will intensify against the nation’s already-crippled energy industry. At the same time, cooling tensions between the U.S. and China eased concern about a trade war that would squelch energy demand in the world’s largest economies. The deescalating trade rift “is definitively a positive element for the story here as the Chinese tend to purchase a lot of oil and gasoline and LNG,” said Bob Yawger, director of futures at Mizuho Securities USA Inc. in New York. © Bloomberg   Oil is on track for its third monthly gain as Show less Read more
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