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Twitter Inc.. Shares of the real-time social media company continues to benefit from rumors of a takeover deal, and gained another 5.74% on Wednesday.
Top among those is Salesforce.com, which fell 5.8% on Wednesday as analysts worry that a purchase of Twitter will destroy as much as 25% of the value of Salesforce. With other bidders for the company including Alphabet, Microsoft, and perhaps Disney we expect to see further gains for Twitter as rumors continue to fly about who is willing to buy and how much they might be willing to pay.
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Crude oil ended at its highest level in three weeks on Wednesday after U.S. inventory levels came in with a surprise drop.
More importantly for the oil markets though was the news out of Algiers, where an unofficial meeting of OPEC has resulted in an agreement to cap production at 32.5 million barrels a day. While this is still higher than the average 30 million barrels per day for 2016, it is lower than the current production of 33.24 million barrels per day. Invest at 24option with bonus!
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