Tech stocks are suffering despite little change in the outlook, and the broader market is falling in their wake.
After oil prices crashed at the start of the month, outages from Hurricane Sally, high compliance from OPEC, and a drawdown in U.S. oil inventories led to prices rallying above $40 this week
Investing.com - “Make my day,” Saudi Energy Minister Abdulaziz bin Salman told oil bears Thursday, daring them to bet against higher crude prices. Renegade Libyan general Khalifa Haftar may have just given oil’s short sellers a reason, striking a deal with the government in Tripoli on Friday that could bring another million barrels to the market. Haftar said he will lift a blockade on Libyan crude production after an agreement with the country’s deputy premier, Bloomberg reported, adding that there was no clarity on when exports will restart and whether the government-run National Oil Co. would be included in the deal.