While you were sleeping: Oil, energy stocks climb

Wed, 09 May 2018

By Margreet Dietz May 10 (BusinessDesk) - Wall Street gained with oil prices, while 10-year US Treasury yields climbed above 3 percent amid bets the Federal Reserve will step up the pace of interest rate increases to keep inflation in check. Oil prices climbed to the highest level in more than three years as the latest data showed a surprise decline in US stockpiles a day after President Donald Trump pulled the country out of the nuclear deal with Iran. US crude traded 3 percent higher at US$71.12 per barrel as of 2.47pm in New York...

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