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Crude Rises on Hopes OPEC+ Will Reach an Output Deal

Apr 09, 2020 - Nasdaq
Financial Results

SECTOR COMMENTARY Energy stocks are higher in the premarket, lifted by higher oil prices, and futures that have recently turned positive after a large stimulus program just announced by the Federal Reserve. News flow today in the sector is relatively light, with most capex and other cost cutting measures having already occurred for round one, and quiet periods begin to set in ahead of earnings. On the macro front, weekly jobless claims just released showed another 6.6 million claims, as the e...