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Sources: Tom DiChristopher, CNBC
Sharon Epperson & Jessica Dickler, CNBC
Last month, Chevron reached an agreement to buy Anadarko Petroleum for $33 billion. The move has set off ripples in the petroleum market. It has also sparked a bidding war for Anadarko between Chevron and Occidental Petroleum, which has put in its own buyout offer to Anadarko.
Chevron has the right to put another offer on the table through Friday. If Chevron does not make a counter offer, or if its revised proposal is rejected, Anadarko must pay Chevron a $1 billion breakup fee.
Petroleum Prices
Diesel and Gasoline (U.S. Averages)
| Units | Current Price | 1 Week Ago | Change vs. 1 Week Ago | |
|---|---|---|---|---|
| Diesel | per gallon | $3.171 | $3.169 | +$0.002 |
| Gasoline | per gallon | $2.897 | $2.887 | +$0.010 |
Crude Oil & Natural Gas
| Units | Current Price | 1 Week Ago | Change vs. 1 Week Ago | |
|---|---|---|---|---|
| West Texas Intermediate Crude (Nymex) |
per barrel | $61.40 | $63.43 | -$3.03 |
| Brent Crude (ICE) |
per barrel | $70.18 | $72.59 | -$2.41 |
| Natural Gas (Nymex) |
MMBtu | $2.55 | $2.58 | -$0.03 |
Lumber Prices
Framing Lumber & Plywood Products
| Current | 1 Week Ago | 2 Weeks Ago | Change vs. 1 Week Ago | |
|---|---|---|---|---|
| Lumber – Random Lengths | $353 | $351 | $350 | +$2 |
| Panels – Random Lengths | $353 | $354 | $357 | -$1 |
| Board Feet (per 1000) | $336.70 | $336.70 | $323.60 | +0.00 |
U.S. Unemployment Rates
According to the Bureau of Labor Statistics, employees age 65 and older are currently the fastest-growing segment of the workforce. Labor force participation among this age group expected to his 32% in 2022, up from 20% in 2002.
And according to a Gallup poll, 3 in 4 Americans are actively seeking employment before traditional retirement age, either on a full-time or a part-time basis.
| 2019 | 2018 | 2017 | |
|---|---|---|---|
| January | 4.0% | 4.1% | 4.8% |
| February | 3.8% | 4.1% | 4.7% |
| March | 3.8% | 4.1% | 4.5% |
| April | 3.6% | 3.9% | 4.4% |
| May | – | 3.8% | 4.3% |
| June | – | 4.0% | 4.4% |
| July | – | 3.9% | 4.3% |
| August | – | 3.9% | 4.4% |
| September | – | 3.7% | 3.7% |
| October | – | 3.7% | 4.1% |
| November | – | 3.7% | 4.1% |
| December | – | 3.9% | 4.1% |
Sources: Random Lengths, EIA, Trading Economics, Bloomberg
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