Will He?

The oil market finished mixed yesterday on the heels of the latest Energy Information Administration’s (EIA) inventory report.  As a headline from Reuters stated, “U.S. oil inventories up unexpectedly.”  Details of the report were as follows:

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Twitter Fingers

The eyes of the world are once again gazing unto the “twitter-verse” as world leaders turn to the online news and social networking platform to discuss the Iran nuclear deal and OPEC.

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Trump Talks Trade 

Last week President Donald Trump made statements regarding the implementation of tariffs on steel and aluminum imports that have stoked fear across the global economy. President Trump proposed a 25 percent tariff on steel and a 10 percent tariff on aluminum. @realDonaldTrump tweeted, “When a country (USA) is losing many billions of dollars on trade […]

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Inventory Impact

Oil markets finished lower yesterday as testimony from the new Chair of the Federal Reserve Jerome Powell pushed the U.S. dollar index higher in late day trading.  Coupled with new data from the International Energy Agency released yesterday regarding U.S. production, all three indices closed solidly in the red. WTI crude closed down $0.90/bbl to […]

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Driving Forces of the Dollar

As the US dollar continues to rise in value, commodity markets are taking notice. According to Thomson Reuters, the dollar continues to firm as minutes of the Federal Reserve’s January meeting indicated that voting members, as well as the wider group of policy makers, were more confident on the economic outlook, which is reflected as […]

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SAFETY AT THE PUMP

Safety is a critical concern when fueling at service stations. The NFPA did a study from 2004- 2008 of incidents that were reported from structure and vehicle fires. There were an estimated 5,000 fires reported per year with majority being vehicle fires. Though fuel pump accidents are rare, it is important to be informed of […]

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