Markets

TSX May Start Higher As Oil Prices Rise

The TSX looks set to open higher on Tuesday as oil prices rise amid supply disruptions in Canada. Stock futures for the June quarter on the S&P TSX index were up 0.1% recently.

Reports said with the fire in the oil sands region of Canada, outages in the country now total 1.6 million barrels per day, which dented global production by 2.5 million barrels of oil per day. At last check, Brent was up 1.7% at US$44.39/barrel.

The TSX shed 137 points at closing on Monday, with materials and energy 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.

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

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