Tag Archives: caps

TSX caps seven-session losing streak on higher oil price

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TORONTO – Higher oil prices propelled the Toronto Stock Exchange to a higher finish since many sectors gained some traction. The S&P/TSX composite index capped seven consecutive sessions of declines by rising 75.99 points to 14,077.36. Driving the market higher was the TSX energy sector because the September contract for crude oil gained 59 cents to US$47.98 on the New ...

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Oil caps the biggest monthly drop since 2008: ‘July has been a massacre’

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Oil capped its biggest monthly stop by almost seven years on speculation that increased OPEC supplies and threats to demand in China will prolong a global glut. West Texas Intermediate oil slid 2.9 percent Friday, bringing the monthly drop to 21 percent. U.S. crude stockpiles are almost 100 million barrels above the five-year seasonal average, while exports from southern Iraq ...

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