Oil prices rise on expectations of economic reopening, extended output cuts Zoom reports after the bell today, Slack later in the week Space X launch seems to help Tesla shares; both companies share a CEO
It seems that investors and traders are remaining positive about the economic reopening. That optimism seemed to outweigh concern over simmering tensions between Washington WRE and Beijing as well as the nationwide protests that have led to city curfews and National Guard activations.
Adding to the narrative of optimism about a reopening economy, oil prices have been moving higher as traders expect major producers to agree on extended production cuts. That’s boosting prices amid a continued outlook for improved air and ground travel