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Stock impact report

Oil Rebounds After Weekly Slump as Saudi Arabia Jacks Up Prices [BNN Bloomberg (Canada)]

TC Energy Corporation (TRP) 
Last tc energy corporation earnings: 5/1 07:30 am Check Earnings Report
US:NYSE Investor Relations: transcanada.com/en/investors
Company Research Source: BNN Bloomberg
Brent crude climbed above $83 a barrel after a 7.3% drop last week, with West Texas Intermediate at more than $78. State-owned Saudi Aramco raised the June official selling price of Arab Light by 90 cents to $2.90 a barrel above the Oman-Dubai benchmark, according to a price list seen by Bloomberg. That compares with an increase of 60 cents forecast in a Bloomberg survey. Oil tumbled last week as risks of conflict in the Middle East eased, paring the commodity's year-to-date gain. OPEC and its allies are widely expected to press on with supply cuts in the second half of this year when they meet next month. Ahead of that, laggards Iraq and Kazakhstan have outlined plans on how they will curb flows to bring output in line with already-agreed-upon quotas. To get Bloomberg's Energy Daily newsletter into your inbox, click here. ©2024 Bloomberg L.P. Top Picks Top Stories TD risks an earnings hit from U.S. laundering probe, analysts say Pipeline operator TC Energy sees natural Show less Read more
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