Crude has best month on record in May as prices surge 88 per cent

Crude has best month on record in May as prices surge 88 per cent
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TORONTO — Canada’s main stock index ended a strong May a little weaker while crude oil prices enjoyed their best ever month, surging 88 per cent.

The S&P/TSX composite index closed down 69.90 points at 15,192.83.

In New York, the Dow Jones industrial average was down 17.53 points at 25,383.11. The S&P 500 index was up 14.58 points at 3,044.31, while the Nasdaq composite was up 120.88 points at 9,489.87.

The Canadian dollar traded for 72.53 cents US compared with 72.65 cents US on Thursday.

The July crude contract was up US$1.78 at US$35.49 per barrel and the July natural gas contract was up 2.2 cents at nearly US$1.85 per mmBTU.

The August gold contract was up US$23.40 at US$1,751.70 an ounce and the July copper contract was up 1.2 cents at nearly US$2.43 a pound.

This report by The Canadian Press was first published May 29, 2020.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

 

The Canadian Press


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