Diamonds and Dogs
BP (BP) upgraded. The British oil company is up 4% to a two-month high ahead of an OPEC + meeting this week. The price of oil is up 2% back above $36 a barrel at a three month high as demand returns. Brent crude is up 2% closing in on $40 a barrel. What a roller coaster ride the last three months for oil.
Profit-taking in the casino stocks. Wynn Resorts (WYNN) is down 3% as the casino stocks face a long road back. Gambling revenue in Macau in the month of May fell 93% to $1.764 billion. Macau revenue is down 74% for the first five months of the year.
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