Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.
After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.
Oil up $1.00 to $69.29
WTI crude fell as low as $66.67 today after the White House called for more OPEC production but after a flurry of criticism, officials walked back some of the statement, saying it was more of a long-term push.
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