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Oilweek Magazine
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Click here to view a free sample digital edition of Oilweek magazine. As a paid subscriber, all issues of the magazine, including back issues, are online for you to read, search, and reference. |
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Latest Headlines
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Dec 14, 2009 1:24:00 PM MST
TSX moves higher as Exxon Mobil deal motivated investor speculation (Dollar-Markets)
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TORONTO _ The Toronto Stock market ended the session in positive territory after energy stocks got a boost from Exxon Mobil´s US$31-billion acquisition of U.S. oil and gas company XTO Energy Inc.
Oil company stocks rose on speculation that other energy sector deals could materialize in the wake of the massive takeover.
The S&P/TSX composite index closed 121.76 points higher to 11,545.69, and the Canadian dollar gained 0.05 of a cent to 94.40 cents US.
The January crude contract on the New York Mercantile Exchange closed the session down 36 cents to US$69.51 a barrel.
TSX gold stocks were up 1.5 per cent as the February bullion contract on the Nymex rose $3.90 to US$1,122.80 an ounce.
On Wall Street, the Dow Jones industrial average moved up 30 points to 10,501. The Nasdaq composite index gained 22 points to 2,212 while the S&P 500 index climbed eight points to 1,114.
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