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CNBC FinanceJun 02, 2020
Stock market live Tuesday: Stocks close at session highs, Dow jumps 1%, Nasdaq highest since Feb.
A conversation about the latest market-moving news, including reopening bets offsetting worries about civil unrest. - USJun 02, 2020
Data centre stocks surge as world shelters online
Sector seen as a ‘haven' by investors is outpacing even Big Tech since market's February peak

Yahoo BusinessJun 02, 2020
Oil's Comeback Encourages U.S. Shale and Complicates OPEC Task
(Bloomberg) -- As OPEC producers head toward a consensus on extending output curbs, oil's rally is prompting some U.S. producers to open their taps once again.Futures settled at their highest since March 6 on Tuesday, the day the Saudi-Russian alliance broke down just as a global pandemic dimmed the outlook for demand. Oil's rebound over the past month brings back concerns that Russia could again hesitate to extend output cuts, with rival shale producers signaling they are ready to re-open wells that were shut during the market's collapse.Further evidence of that threat emerged this week, when U.S. driller Parsley Energy Inc. said it's turning oil wells back on just weeks after shutting them off, illustrating the shale industry's agility in responding to rising crude prices.Also read: Early Signs Show Shale Oil Production Bouncing Back With Prices"If everybody magically decides to turn the taps back on and lets the oil back to the surface, now you've got 1.5 million to 2 million barrels a day that needs to find a home," said Stewart Glickman, an energy analyst at CFRA Research.On Tuesday, OPEC members were still wrangling over when to hold their next meeting, against what's still an uncertain demand backdrop. For now, Russia and several other OPEC nations are said to favor extending their current output cuts by a month.It's unclear if a month's extension of curbs is enough for Saudi Arabia -- the biggest producer in the Organization of Petroleum Exporting Countries -- though the proposal is within the ra

U.S. oil prices settle at a 3-month high as traders bet on an output cut extension (MarketWatch MarketPulse)
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