Oil futures dropped in the early hours of Thursday as the United States considered releasing millions of barrels from the country’s strategic reserve over several months.
Oil Drops: ICE Brent Crude May 22 futures traded 3.9% lower at $109.02 at press time, while WTI Crude May 22 futures were down 4.9% at $102.55.
ViacomCBS Inc. (NASDAQ: VIAC) shares are trading higher Monday, although they appear to have been rejected at the 50-day moving average. Meanwhile, shares are seeing a large gap higher and could be headed toward a key level that was once support but may now act as resistance.
Microchip Technology Inc (NASDAQ:MCHP) expanded its Gallium Nitride Radio Frequency power device portfolio with new MMICs and discrete transistors covering frequencies…