Markets

Market Chatter: Oil Rebounds from Intraday Low to Finish Higher

A generic image of a pen a chart
Credit: Shutterstock photo

"Oil futures staged a modest rebound Wednesday, reversing course to turn decidedly higher in the last hour or so before the session's close. Prices extended their gains to a fourth session in a row, continuing to find support from recently upbeat economic data despite a Wednesday report showing a hefty climb in last week's U.S. crude supplies," MarketWatch reported.

It said: "May crude rose 24 cents, or 0.3%, to end at $96.58 a barrel on the New York Mercantile Exchange, the highest close for a most-active contract since Feb. 19, FactSet data show."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

MTNewswires

Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More