Shareholders set to soak up excess US cash flow pemedianetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pemedianetwork.com Daily Mail and Mail on Sunday newspapers.
Oil prices hit their highest level in more than two years as OPEC+ agreed to maintain its production cut plans while demand projections continue to improve.
- The average retail price for gasoline in the U.S. jumped above $3 per gallon last week, the highest price since 2014.
- Memorial Day travel is expected to be 50% higher than the same weekend in 2020.
- California saw the highest prices at over $4 per gallon, while Texas saw the lowest at $2.72.
Market Movers
Pembina Pipeline (TSE: PPL) will acquire Inter Pipeline (TSE: IPL) in an $8.3 billion all-stock deal, creating one of the largest pipeline companies in Canada.
Cabot deal may prove exception rather than rule pemedianetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pemedianetwork.com Daily Mail and Mail on Sunday newspapers.