U.S. Drilling Activity Slows As Prices Ease
The U.S. oil rig count fell this week in reaction to sinking crude prices
Source: oilprice.com
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Glencore Announces $3 Billion Share Buyback As Profits Soar
Commodities behemoth Glencore announced record first-half profits as metal prices remain extremely volatile
Source: oilprice.com
Prices At The Pump Continue To Plunge, But Stronger Demand Could Halt The Trend
The national average for a gallon of gas at the pump in the United States fell to $4.139 on Thursday, the 51st consecutive day the country has seen a price drop for gasoline
Source: oilprice.com
Home builder group warns of significant home affordability declines
Home builders warn of current deteriorating conditions as a sharp jump in mortgage rates in March and April coupled with ongoing building material supply chain disruptions, labor shortages and high inflation drive up housing costs.
Source: woodworkingnetwork.com
05Apr2021 Midday Update: Tesla Stuns With Record Q1 Delivery Numbers, DOW Up 440 Points At 12:30 ET, Nasdaq Up 1.5%, WTI Crude Falls Sharply 58.49, Bitcoin Rises To 5900
U.S. oil dips on renewed demand concerns and dollar tumbles after Goldman closes short USD RECO (SPY +1.5%). Biggest midday movers: Tesla, AMC Entertainment, Charles Schwab. Here is the current market situation from CNN Money North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively. What Is Moving the Markets Here are the headlines moving the markets. Goldman Sachs Sees Large Oil Demand Rebound This Summer Goldman Sachs is still bullish on oil and anticipates s...
Source: econintersect.com