Markets

TSX May Open Higher As Oil Prices Rise

Canada's benchmark index looks set to open higher on Thursday as oil prices rose after the Canada oil sands fire and the violence in Libya. Stock futures for the June quarter on the S&P TSX index edged up 0.14% recently.

Both Brent and the WTI were rising after reports said the wildfire in Canada's oil sands region and the escalating tensions in Libya had investors worried about supply. At last check, Brent was up 4.3% at US$46.53/barrel, while the WTI rose 4.7% to US$45.85/barrel.

The TSX finished Wednesday 75 points lower, with resource and financial stocks leading the decline.

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

    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