Posted in company, funds, sectors, tickers

Crude at $45.12

Crude futures last climbed +3.1% to $45.12 a barrel despite geopolitical uncertainty and imbalance of how resources are distributed. Crude oil supplies in Libya were disrupted as fighting between rival groups in the country intensifies.

Futures at 6:20 a.m. traded in positive territory: Dow gaining 0.2%. S&P climbing 0.3%, Nasdaq hiking up 0.3%, while gold surged 0.2% to $1277.80 mimicking last week’s favorable returns. The ten-year Treasury yield was flat at 1.78%.

Meanwhile and later on Thursday 88,000 residents fled Fort McMurray, a city in the heart of Canada’s oil sands because of expected blaze winds.



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