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Oil prices up more than 1% on Middle East risks, China stimulus [Globe and Mail, The (Toronto, Canada)]

Chevron Corporation (CVX) More Company Research Source: Globe and Mail, The

Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report

US:NYSE Investor Relations: chevron.com/investors

Brent futures climbed 84 cents, or 1.2 per cent, to $71.91 a barrel by 0911 GMT, while U.S. West Texas Intermediate crude futures also rose 84 cents, 1.2 per cent, to $68.42. Oil prices gained support from President Donald Trump’s vow to continue the U.S. assault on Yemen’s Houthis unless they end their attacks on ships in the Red Sea. Trump said on Monday he would hold Iran responsible for any attacks carried out by the Houthi group that it backs in Yemen. Meanwhile, Israeli air strikes in Gaza killed at least 200 people, Palestinian health authorities said, as attacks on Tuesday ended a weeks-long standoff over extending a ceasefire that halted fighting in January. “Along with U.S. strikes on the Houthis in Yemen, several factors provided support to the market,” ING analysts said in a research note. “China unveiled plans to revive consumption, while Chinese retail sales and fixed asset investment growth came in stronger than expected.” The state council, or cabinet, unveiled on [Read more]

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