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Oil tops $70 a barrel

Energy sector leads TSX higher as oil tops $70 a barrel
Pumpjacks are shown pumping crude oil near Halkirk, Alta., on June 20, 2007. (via Larry MacDougal/The Canadian Press)

TORONTO — Canada's main stock index was up in late-morning trading, helped by gains in the energy sector as the price of oil topped US$70 per barrel.

The S&P/TSX composite index was up 22.25 points at 20,024.52.

In New York, the Dow Jones industrial average was up 113.93 points at 34,561.07. The S&P 500 index was up 15.13 points at 4,234.68, while the Nasdaq composite was up 48.40 points at 13,960.15.

The Canadian dollar traded for 82.65 cents US compared with 82.68 cents US on Wednesday.

The July crude oil contract was up 21 cents at US$70.17 per barrel and the July natural gas contract was up four cents at US$3.17 per mmBTU.

The August gold contract was down US$3.00 at US$1,892.50 an ounce and the July copper contract was down five cents at US$4.48 a pound.

This report by The Canadian Press was first published June 10, 2021.

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

The Canadian Press