This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for May delivery added $5.16 to $99.64 on the New York Merc, while Brent for May added $4.56 to $112.57 (all figures in this para U.S.). Western Canadian Select traded at a discount of $21.10 to WTI, down from a discount of $20.20. Natural gas for April added nine cents to $3.09. The TSX energy index added 11.84 points to close at 429.22.

Oil prices lurched to another weekly gain -- the sixth in a row for Brent, while WTI has been up for five of the past six weeks (after last week's minor slip). Today U.S. President Donald Trump once again extended a deadline for Iran to reopen the Strait of Hormuz, this time by 10 days, or the U.S. military will "obliterate" Iranian power plants. He also continued to claim, in direct contradiction of Tehran's repeated denials, that peace negotiations are going "very well." Observers remained skeptical, particularly once Israel threatened to "escalate and expand" attacks on Iran. The analysts at Macquarie went as far as to predict that the war could last until the end of June and oil prices could spike to an all-time record of $200 (U.S.).

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS