Flat day for the markets as both bears and bull hold market in check with major indices holding flat for the day. On Thursday, over 180,000 confirmed cases of COVID-19 were recorded, bring the new 7-day average up over 160,000, an all time high
- S&P 500: -0.25%
- Nasdaq: 0.04%
- Dow Jones: -0.05%
Treasury Secretary Steven Mnuchin is seeking to end a handful of the Fed facilities that bought corporate bonds as well as the Main Street Lending Program targeted towards small- and medium-sized businesses. The move has drawn pushback from the central bank, which said the programs continue to serve an important role to support the vulnerable economy.
Oil and Gas News Today
Crude oil prices trade up as vaccine hopes push bulls to out buy bears and drive prices up over $42, with crude oil prices settling around $42.15 toward the end of the trading session. Natural gas price shoot up off cooler weather forecasted for early next week, a nice break from the constantly bearish weather reports that have dropped recently. Natural gas prices currently trading around $2.664
North American Shale News
- Rig counts +3
- Pioneer gives executives as pay raise
- FourPass Energy has $600 mm commitment
- $OAS back trading….
International
- China
- Stepping up game in Iraq
- Battery plant in Germany
- Off-grid solar generation in Africa…
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