The Weekly PFL Railcar report consists of all the different variables affecting Rail Traffic including, but not limited to; Oil Pipeline shutdowns, Oil Producer Shutdowns, Unemployment rates, and North American Rig Count. Check the latest Rail Traffic Indicators as well as the most recent railcar markets.
Geopolitical risk is seemingly having a lessor impact on oil prices. It’s a trading pattern that would have been unthinkable a decade ago, but has become increasingly familiar. The threat of conflict loomed over the heart of the global oil market this past week, but the usual panic buying by traders was met quickly by a wave of U.S. shale drillers locking in future pricing and hedging their output.
We have quite a bit of breaking news to share with you this week. Perhaps the most important news to share, if you are Canadian, is that Canada won the Gold Medal in the World Junior Hockey Tournament against the Russians in a 4-3 victory coming from behind 3-1 going into the third period. Congratulations to our Canadian readers – well done!