The International Energy Agency is optimistic about oil’s future. The energy watchdog predicts China’s rapid shift to reopen its economy after years-long COVID lockdowns will help oil demand reach a record high this year. The IEA has lifted its forecast for demand growth by nearly 200 thousand barrels-per-day.
Two well-known Louisiana institutions are teaming up to open a medical school. Xavier University in New Orleans says health care giant Ochsner Health will be a partner in the venture – which the university announced last year. The medical school aims to address a physician shortage and diversify the medical field.
On Wall Street, futures are higher as investors gear up for the latest batch of earnings reports. PNC Financial and Charles Schwab headline the companies releasing their quarterly data before the bell.
Today, stocks will try to rebound after snapping their four-day winning streak yesterday.
