Markets

TSX Down Nearly 46 Points With Most Sectors in The Red -- Energy Posts Biggest Losses

The TSX is down 46 points this morning, with most sectors in negative territory. Energy is the biggest loser, down 1.2%, followed by info tech (-0.66%) and healthcare (-0.43%).

The API reported a surprise 4.7 million barrel weekly build in crude stocks, when expectations had been for a 1.0 million barrel draw, reports Action Economics. OPEC also warned of a growing oil supply surplus next year unless members actually made the cuts that were promised over the weekend.

OPEC pumped 33.87 million bpd last month, an increase of 150,000 bpd from October, Reuters reports.

Utilities is the sole gainer today, up 0.05%.

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

Stocks

Latest Markets Videos