Tag: 2019

Diesel And Lumber Prices – August 13, 2019

Source: Nick Cunningham, OilPrice.com   Oil prices fell sharply last week. However, rumors that Saudi Arabia will take action to stop prices from falling further was enough to stabilize prices in the short-term. Saudi Arabian energy officials provided no details, but commented that the kingdom is considering “all options” to help bolster oil prices.   …

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July 2019 Job Numbers

Unemployment rate: 3.7% Source: Jeff Cox, CNBC Bureau of Labor Statistics   The unemployment rate in July remained unchanged at 3.7%. Payrolls rose to 164,000 during the month, which is keeping with analysts’ predictions of 165,000. The size of the labor force also jumped sharply as 370,000 new workers entered the labor force, which brought …

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Diesel And Lumber Prices – July 2, 2019

Source: Sam Meredith, CNBC   Russia and other non-OPEC oil-producing countries announced oil supply cuts today. The move, which will last nine months, is designed to strengthen oil prices as the global economy weakens. OPEC has also agreed to extend production cuts. On Monday, the group announced it will cut oil production through March 2020. …

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