-- Reza Dilmaghani mostly trades equities, but for the past week he’s been dipping in and out of the oil market, lured by crude’s biggest weekly rally in nearly two years.“This week has been great,” said Dilmaghani, a Phoenix-based day trader who’s been trying to capitalize on the market’s short-term direction. “Ever since we reached $67, it’s been going up quite steadily and orderly,” he said. “When it’s orderly, it’s great.
While that’s bringing much needed liquidity into a futures market that has sidelined commercial players, it’s also threatening to fuel more volatility. Several people died, including a young child, when an overcrowded boat attempted to cross the Channel to the United Kingdom, French authorities said on Saturday. A French vessel responded to a distress call on Saturday morning, according to a statement from the Pas-de-Calais prefecture in northern France.It picked up 14 people from the dinghy, the statement said, some injured and others already dead.
PennyMac Financial Services' five-year total shareholder returns outpace the underlying earnings growth
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