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Oil Rallies Above $30/Barrel

Today's trading continued the broadly unspectacular but positive gains we've seen over the past couple weeks. The S&P/TSX Composite Index closed up 0.5%, the Dow Jones Industrial Average closed up 0.6%, and the S&P 500 closed up 0.9%.

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Oil Down 20%; DOW Over 24,000

Today's trading continued last weeks light gains, with the Dow Jones Industrial Average closing above 24,000 for the second time since March 10th. Volatility in WTI oil continued apace, as the price of June WTI contracts declined more than 20%, but Brent Crude closed down 6.3%.

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Who Does Well in a Recovery?

Today's trading lacked the sizzling action of previous weeks, although that's likely a welcome change. The Dow Jones Industrial Average closed up 1.1%, the S&P/TSX Composite gained 1.2%, and the price of oil (Brent crude, to be precise) added 2.4% after a wild week, closing down 22% from last Friday.

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