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Global markets: Crude values rise

By Commodity News Service Canada

WINNIPEG, April 5 – The following is a glance at the news moving markets globally.

– Crude oil futures advanced in early activity on Wednesday, moving near a one-month-high.

The market was underpinned by data showing America’s crude inventories were lower-than-expected.

The country’s crude supplies dropped 1.8 million barrels last week, reports say.

– US Monsanto Company saw better-than-expected profits in the fourth quarter, according to reports on Wednesday.

The seed and agrochemical company reported increased sales of corn seeds and traits (up eight per cent) and higher sales of soybean seeds and traits (up 10.2 per cent) in the second quarter, market watchers say.

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