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MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Goldman Sachs Says Oil Surplus Came to a Sudden Halt, Raises Forecast

TheStreet

There's a new call on oil from Goldman Sachs this morning. The bank now forecasts $50 a barrel for crude oil by the second half of this year. Goldman says because of strong demand and cuts in production, the oil market has gone from surplus to balance quicker than expected. Apple CEO Tim Cook has arrived in China. Cook is dealing with weakening smartphone sales to the suspension of some online entertainment services in China so Fortune magazine says Cook is meeting with high level government officials to go on a 'charm offensive'. Billionaire investor Warren Buffett is throwing his clout behind a possible bid for Yahoo! . USA Today says he may join the founder of Quicken Loans and others is financing a purchase of the internet assets of the company. The Supreme Court is set to issue an opinion and could rule on cases affecting Puerto Rican debt, immigration and abortion. The Empire State Manufacturing Index is released for May. The Energy Information Administration releases its drilling productivity report.