(Bloomberg) -- Oil futures in New York and London closed at the highest level in more than three months on optimism that fuel demand is recovering as lockdowns are lifted.Prices have rallied in recent days as states move forward with phased reopening even as concerns mount over the risk of a second wave of the pandemic. Sentiment has also been bolstered by evidence the OPEC+ group of producer nations is pressing ahead with output cuts.“You see demand picking up and you see supply being relatively constrained,” said John Kilduff, a partner at Again Capital. “If there is any prospect whatsoever of a faltering here in terms of reopenings and demand continuing to ramp back up, we are very vulnerable.”The market is now trading at levels last seen in early March, before the start of an all-out price war between Russia and Saudi Arabia sent futures plunging to multi-decade lows. Some of...
Stocks fluctuated between gains and losses Monday as market participants weighed prospects that the virus-stricken economy would rebound quickly against fears over an extended rise in new cases over the weekend. The Final Round panel breaks down the details. ...
Shares of Peloton hit a new high on Monday after Stifel analyst Scott Devitt raised his price target on the stock to $62 from $55, while maintaining a ‘buy’ rating. The reason for the renewed vote of confidence comes from ‘holiday-like demand’ due to shifting consumer behavior, gym closures / social contact avoidance, among other reasons. The Final Round panel discusses the bullish call....
Results of a study by electric utilities in Washington, Oregon, and California call for the installation of charging sites along the I-5 for medium- and heavy-duty electric trucks to reduce pollution caused by freight transport along the Pacific Coast. ...
Electric utilities in Washington, Oregon and California have released the results of the West Coast Clean Transit Corridor Initiative, a study that could lead to CO2 reductions from freight transport along the Pacific Coast and create new jobs. ...
