Oil Rises After Industry Report Points to Lower US Stockpiles

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Bloomberg News

American Petroleum Institute,Crude Inventories,Market Outlook

(Bloomberg) -- Oil extended gains after industry data pointed to shrinking US crude stockpiles ahead of a report from the IEA on the market outlook.Most Read...

-- Oil extended gains after industry data pointed to shrinking US crude stockpiles ahead of a report from the IEA on the market outlook.West Texas Intermediate rose above $78 a barrel after climbing more than 3% over the previous two sessions. Brent closed higher near $82 a barrel. The American Petroleum Institute reported that US crude inventories dropped by 2.4 million barrels last week, according to people familiar with the data.

The International Energy Agency will provide its snapshot on the supply and demand outlook later Wednesday, which will be followed by an interest-rate decision from the Federal Reserve.Wealth-building within a TFSA can be partly throttled by the limited contribution room. However, you can offset that by choosing the right growth/bullish stocks. The post TFSA Investors: 2 Top Bull Market Buys to Build Wealth Tax-Free appeared first on The Motley Fool Canada.

The boycott of Loblaw-affiliated stores was started by a group on Reddit who wanted to pressure the chain during the month of May. It's still going for some shoppers.A massive day for the US economy is coming: What to watch The CPI report and Fed policy meeting have fallen on the same day just seven times since 2014, according to Bank of America.When looking for stocks that can be used to build generational wealth, you have to evaluate the business model for its longevity. The post 3 Stocks That Could Create Lasting Generational Wealth appeared first on The Motley Fool Canada.Small-cap bullish stocks can be powerful growth picks, but only if you can get in and out at the correct times.

 

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