Crude oil advanced more than 25% over the past month-and-a-half, driven by various factors. There is certainly a risk premium discounted in its price given the escalation of political tensions between Israel and Iran, which is the world's fourth-largest oil producer.
In addition, retail spending continues to grow on a month-to-month basis, illustrating that the U.S. consumer is in better shape than many expected, which bodes well for the economy and oil prices.
Meanwhile, Goldman Sachs (Fortune 500) upgraded Research In Motion ( ), citing that the sum of the parts is bigger than the whole. Shares of the BlackBerry maker advanced 3% in early morning trading, but the stock is still down 66% year-to-date.,
These are some of the popular stories on StockTwits Wednesday:
|What we want Apple to unveil at WWDC|
|Millennials squeezed out of buying a home|
|7 traits the rich have in common|
|Big Data knows you're sick, tired and depressed|
|Your car is a giant computer - and it can be hacked|
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.79%||3.64%|
|15 yr fixed||2.94%||2.76%|
|30 yr refi||3.78%||3.69%|
|15 yr refi||2.96%||2.81%|
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