Glacier FarmMedia COVID-19 & the Farm

Global markets: Crude futures notch slightly higher

By Commodity News Service Canada

WINNIPEG, April 24 – The following is a glance at the news moving markets globally.

– Crude oil futures advanced in early activity on Monday, in recovery-based trade after last week’s losses.

OPEC (Organization of the Petroleum Exporting Countries) members are discussing a production cut extension, which added to the upside.

– Wholesale sales edged down 0.2 per cent to C$58.9 billion in February, following four consecutive monthly increases. Declines were recorded in four subsectors, led by lower sales in the personal and household goods, and the food, beverage and tobacco subsectors, Statistics Canada said in a report on Monday.

In volume terms, wholesale sales decreased 0.4 per cent.

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