“Communication is a skill that you can learn. It’s like riding a bicycle or typing. If you’re willing to work at it, you can rapidly improve the quality of every part of your life.” Brian Tracy Jobs Update Stocks closed higher on Friday of last week and higher week over week The DOW closed higher, […]
Petroleum Daily Report 8-23-2024
On Friday, U.S. light crude oil prices increased by more than 2% per barrel after U.S. Federal Reserve Chair Jerome Powell suggested that the central bank might be preparing to cut interest rates. Brent crude futures rose by $1.80 (2.33%) to $79.02 a barrel, while U.S. West Texas Intermediate (WTI) crude futures went up by […]
Petroleum Daily Report 8-22-2024
Oil prices were higher today trading up on hopes of a fed cut in a few weeks. Prices rebounded after four straight days of declines. On Wednesday, minutes of the Federal Reserve’s July meeting showed most Fed officials thought the central bank was on track for an interest rate cut next month. “The dollar has […]
Petroleum Daily Report 8-21-2024
Oil prices fell today trading down a two week low. US jobs data was revised down significantly today, with US employers adding far fewer jobs than originally reported. The department’s estimate for total payroll employment for the period from April 2023 to March 2024 was lowered by 818,000. “The market is now going from pricing […]
Petroleum Daily Report 8-20-2024
Oil prices were lower today trading down as Mid East tensions ease. U.S. Secretary of State Antony Blinken visited Egypt and pushed for progress toward a Gaza ceasefire and hostage release deal. Major differences still need to be resolved in talks this week. “There was probably around $4 to $8 of geopolitical premium baked into […]
Petroleum Daily Report 8-19-2024
Oil prices fell today by more than $2 on the prospect of successful Middle East talks and weakness in the Chinese economy. “This market is under pressure under expectations that they’re going to continue to hammer away at the ceasefire talks,” said Bob Yawger, director of energy futures at Mizuho in New York. China’s economic […]
RIN Recap 8-19-2024
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PFL Railcar Report 8-19-2024
“Act as if what you do makes a difference. It does.”William James Jobs Update Stocks closed higher on Friday of last week and higher week over week The DOW closed higher on Friday of last week up 96.7 points (+0.24%), closing out the week at 40,659.76 up 1,162.22 points week-over-week. The S&P 500 closed higher […]
Petroleum Daily Report 8-16-2024
Oil prices fell today closing out a volatile week little changed. On Thursday, data from China showed its economy lost momentum in July, with new home prices falling at the fastest pace in nine years, industrial output slowing and unemployment rising. That has stoked worries among traders about a slump in demand from the top […]
Petroleum Daily Report 8-15-2024
Oil prices were higher today trading up after US economic data eased fears of a recession. Data showed U.S. retail sales rose more than expected in July. Another report showed a smaller-than-expected increase in the number of Americans filing for unemployment benefits. “The positive economic data serve as an indicator that we’re heading towards a […]