Suncor Energy is a buy, but be prepared to turn if oil prices peak, Jim Cramer says

Suncor Energy is a buy, but be prepared to turn if oil prices peak, Jim Cramer says

CNBC’s Jim Cramer on Friday advised investors to pick up shares of Canadian oil producer Suncor Energy, but only if they’re confident oil prices will stay elevated. Cramer’s comments come after activist investment firm Elliott Management, which holds a 3.4% stake in Suncor, called for the firm to shuffle its management and take other measures … Read more

Oil prices rally on report that Germany drops opposition to Russian oil embargo

Oil prices rally on report that Germany drops opposition to Russian oil embargo

Cranes at an oil industry support facility in Port Fourchon, Louisiana, US, on Wednesday, April 21, 2021. Luke Sharrett | Bloomberg | Getty Images Oil prices rallied on Thursday after reports that Germany is no longer opposed to an embargo on Russian oil, which could further tighten supplies in the already stressed global crude market. … Read more

Asia stocks mixed as oil jumps; investors react to RBA rate decision

Asia stocks mixed as oil jumps;  investors react to RBA rate decision

SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday trade, while the Reserve Bank of Australia kept its cash rate target unchanged. In Japan, the Nikkei 225 climbed 0.12% while the Topix index shed 0.29%. South Korea’s Kospi edged 0.1% lower. Elsewhere, Australia stocks rose as the S&P/ASX 200 advanced 0.26%. In Southeast Asia, Singapore’s … Read more