Oil rises as Trump plans to ease lockdown [CNBC]
Gilead Sciences, Inc. (GILD)
Last gilead sciences, inc. earnings: 4/30 04:01 pm
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Source: CNBC
Oil pumping jacks, also known as "nodding donkeys", operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020.Andrey Rudakov | Bloomberg via Getty ImagesOil prices rose on Friday as President Donald Trump laid out plans to ease the U.S. coronavirus lockdown and on reports, later played down, that a drug may potentially help treat COVID-19.BrentU.S. crudeThe less active U.S. crude contract for May tumbled by $1.59, or 8%, to $18.28, attributable to the imminent expiry of the contract, on April 21, and fast-filling crude storage."As the oversupply is more a topic for right now, the May contract trades at a deep discount to June," UBS analyst Giovanni Staunovo said.Investors pinned their hopes on plans to ease lockdown measures after Trump laid out new guidelines for U.S. states to emerge from a coronavirus shutdown in a staggered, three-stage approach."If more of the global economy enacts plans to reopen and restores some sense of normality, that could help
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- 10/30/25 - Beat
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- 12/1/25 - Form 4
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