During last week’s OPEC + meeting the group agreed to keep production cuts of 9.7 million barrels per day until the end of July. This effort has helped bolster oil prices to levels of almost double the values in April. The prior OPEC + meeting brought forth the creation of a new advisory group, the […]
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As the nation continues to navigate COVID-19, states are starting to open back up. Today in Pennsylvania, more counties are moving in to the ‘Green Phase’. The counties in the Green Phase have mitigated the risk for the 14 days required and are allowed to ‘open’ with strongly suggested guidelines from the Governor, Dr. Levine […]
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As we move into week six of social distancing and stay-at-home orders throughout the country, many states are preparing to lift restrictions beginning this week. CNN recently conducted an interview with Bill Gates, the founder of Microsoft. His foundation has studied pandemics for years and is now involved with the fight against COVID-19. Gates told […]
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I think we have all been bogged down in COVID-19 related news or news of poor global economics related to commodities, so this blog will be devoted to lighter non coronavirus related topics. Yesterday, for example, was the first round of the NFL draft. It was done via teleconference and quite honestly reminded us that […]
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April 20, 2020 will go down in history as the first-ever negative trading day for WTI Crude as stocks plunged 321%, saw -$40.32 a barrel, and created a historic “super contango.”
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By now, I am sure we are all looking for different things to do while practicing social distancing and following our state’s “Stay at Home” orders. Days can become monotonous real fast when you are used to being on the go or if your current routine needs pepped up and refueled. Here are a few […]
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In the face of a global pandemic, millions of consumers are turning to alternative methods for receiving groceries and other products. As over 75% of Americans are under shelter-in-place orders, services such as Instacart, Amazon and Whole Foods have been essential resources as we adhere to social distancing. On Monday, workers at these companies expressed […]
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Yesterday, the stock market on Wall Street had their largest single day move since 2008 on expectations of the largest fiscal stimulus package in modern American history. The White House and Senate leaders reached a deal early this morning on a stimulus bill to combat the economic impact of the coronavirus outbreak. Washington is hoping […]
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