Credit: Shutterstock photoThe TSX is up 55 points this morning with all sectors bar energy in the green. Energy is down 0.12% with crude oil now trading at US$65.81. The EIA reported the highest ever monthly production figures last week, with output at 10.5 million barrels per day. Baker-Hughes data also show the U.S. rig count has increased 8 weeks of the past 9. Saudi Arabia and Russia are reportedly mulling production increases, to offset falling Venezuela output, and prospects for sanctions on Iran, which would limit its export potential.
The biggest gainers this morning are info tech and healthcare, up 0.64% and 0.53% respectively.
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.
