NEWS

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The world's largest oil fields service company Schlumberger reported better than expected earnings Friday. On a sequential basis, $SLB revenue was 4% due to lower activity and pricing for most businesses within the Production and Cameron segments in North America land.

Streaming giant Netflix reported fourth quarter earnings after the close Thursday that beat on most metrics but was missed on revenue forecasts. Analysts had been pushing the stock after the rout and is up 44% in 13 days, be risk aware.  

The EIA reported a draw of - 81 Bcf in natural gas storage last week with weather models continuing to be confused. Meanwhile Mexican exports near record high as we watch LNG shipments.  

Morgan Stanley reported worse than expected fourth quarter earnings before the bell Thursday. $MS followed the other major banks; Bank of America $BAC JPMorgan Chase $JPM, Wells Fargo $WFC, PNC Financial $PNC Goldman Sachs and Citigroup $C reporting

The OPEC Monthly Oil Market Report (MOMR) for January released Thursday provides OPEC's outlook for crude oil market developments for the coming year with key developments impacting oil market trends in world oil demand and supply.

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