LEHI, Utah–There is good news for traders who are frustrated by the ups and downs of the market: Sunnyside Equity Holdings has announced it will start taking clients for PICKEL, its new day trading platform.…
$0 Oil Forces Canada To Shut Down Crude…
Canadian oil companies have begun shutting down steam-driven oil sands production projects as prices continue to fall, Reuters reports, noting the move could have dire long-term consequences for the production facilities. Steam-driven oil sands production, also…
Oil Autocrats Are Struggling To Keep Their Power
This week began with a bang for the oil markets. On Sunday the members of OPEC+ struck a historic deal to slash production by a whopping 9.7 million barrels in May and June in an…
The Surprising Winners And Losers Of The Global…
Despite the historic OPEC+ production cut deal, available oil storage capacity around the world is running thin as global oil demand continues to crumble amid lockdowns and travel restrictions in many countries. OPEC and its…
Stock futures down about 1% after last week’s…
A look at equity futures shows broad declines after last week marked a second weekly gain, and coming alongside President Trump's daily coronavirus briefing (ongoing). S&P 500 and Nasdaq futures are down by more than 0.9%, while the…
Germany ordering 45 jets from Boeing – report
Germany will order 45 fighter jets from Boeing (NYSE:BA) to replace aging craft, Der Spiegel reports today. The country will order 30 F/A-18 Super Hornets and 15 EA-18G Growlers to replace aging Tornado jets, according to the report. The…
If You’re Betting On Higher Oil Prices, USO…
Summary A lot of people are buying USO to bet on a rebound in oil price. That's the wrong vehicle to do it in. USO will suffer greatly in the near term due to the…