Session recap · Fri Oct 23Illustrative graphic, not a chart of actual dataOil rips, the Dow drops
WTI jumped 3.8% to $103.27 and Brent settled at $116.72, its highest since April. Energy was the only TSX sector that finished higher, while American Express fell 3.7% after announcing job cuts, weighing on the Dow. [1] [3]
Why it matters: Weekend headlines from the Middle East will likely set the tone for oil Monday morning: good for Alberta producers, bad for everyone else's costs. [1]
- XOM
- CVX
- COP
- AXP