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-5.00625782227329E-05 -0.000342928660826034 -0.000849561952440438 -0.000684355444305334 0.000200250312891074 0.000350438047559557 0.00110137672090112 0.00220275344180224
Stock impact report

Oil price news: Oil heads for quarterly gain with OPEC+ curbs tightening market [BNN Bloomberg (Canada)]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: BNN Bloomberg
West Texas Intermediate futures traded near US$83 a barrel, the highest in about a week. Timespreads this year have swung from bearish contango to a bullish backwardated structure — signaling a tightening physical market. OPEC+ extended its cuts of about 2 million barrels a day to the end of June, underpinning expectations that global stockpiles will shrink. Prices have also been aided by Ukraine's drone strikes on Russian energy infrastructure, geopolitical tensions in the Middle East, and demand growth around the world. In the U.S., key gauges of economic activity posted strong advances Thursday, pointing to healthy growth. That helped to counter an increase in U.S. nationwide crude and gasoline stockpiles that has undercut some of the supply tightness. The bullish backdrop has spurred some banks to warn there's scope for higher prices. While sticking with existing forecasts, JPMorgan Chase & Co. said this week there's a path for Brent to close in on triple-digits by Septembe Show less Read more
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