For the 14th straight week, US oil rig counts rose (by 11 to 683). This is the highest since April 2015.
and leads US crude production to its highest level since Aug 2015.
The question is, as OilPrice.com's Nick Cunningham asks, will Shale kill off the recent oil price rally again?
At roughly 7pm local time, the United States military for the first time ever, used a GBU-43 bomb to target caves and tunnels in Aghanistan, denying operational space to ISIS, Sean Spicer said during a press briefing.
.@PressSec: "The United States takes the fight against ISIS very seriously." https://t.co/AtIMfKSdrE pic.twitter.com/Sa9BW10Sgi
— FOX Business (@FoxBusiness) April 13, 2017
Following yesterday's icy meeting in Moscow between Rex Tillerson and Russian diplomat Sergey Lavron, the propaganda campaigns between the U.S., Syria and Russia seem to be ratcheting up to full force.
Speaking with the BBC earlier this morning, Syrian President Bashar al-Assad said the U.S. account of the recent chemical weapons 'attack' in Syria was a "100% fabrication" which can only lead him to the conclusion that the West must be working "hand and glove with the terrorists."
Bill Gross' latest monthly outlook is divided into two sections: in the first, the world's former bond king provides a revealing glimpse into his mind courtesy of six brainteasers (with answers to questions such as "If forced to choose between killing your favorite pet or an anonymous human being, what would you do?"); in the second he goes back to his favorite topic: slamming the Trump growth narrative Can the Trump Agenda recreate 3% growth?
S&P futures extended their Wednesday decline, dropping in the overnight session with banking shares in focus ahead of results from JPMorgan and Citigroup. European stocks likewise retreated along with the dollar, while Asian shares were mixed.