Oil prices climbed after government data showed US oil inventories fell across the board, bolstering hopes for increased fuel demand in the world’s biggest economy. — Reuters pic
Recently battered technology stocks reclaimed leadership on Wall Street and the benchmark S&P 500 ended near record highs, even as US Treasury Secretary Steven Mnuchin said the White House and top Democrats in Congress may not reach a deal on coronavirus aid. The S&P ended within 6 points of its closing record high of 3,386.15. The index slipped on Tuesday after seven straight days of gains.
The 10-year US Treasury last fell 5/32 in price to yield 0.6731 per cent, from 0.658 per cent late on Tuesday, after relatively strong demand greeted a record offering on benchmark notes by the Treasury.
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