While you were sleeping: Oil lifts sentiment

Tue, 07 Jun 2016

By Margreet Dietz June 8 (BusinessDesk) - Equities on both sides of the Atlantic moved higher with oil prices and bets that the US Federal Reserve appears in no rush to raise interest rates. Oil rose to the highest level since October 2015, with Brent crude futures rising as high US$51.30 a barrel earlier in the day, and US crude oil futures touching US$50.37. "Demand for oil seems to be stronger than we anticipated and the price continues to rise, that is something that is positive," Kim Forrest, senior equity research analyst, Fort P...

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