NEWS

Google Ad

EIA reported a draw in crude oil with big builds in gasoline and distillates last week. Cushing inventories drew with production at 11.9 mbpd another ATH. Crude oil futures volatilty continued with WTI options expiration.

Bank of America reported better than expected fourth quarter earnings before the bell Wednesday. $BAC followed JPMorgan Chase $JPM. Wells Fargo $WFC, PNC Financial $PNC and Citigroup $C reports. The bank benefited from rate leverage with higher rates.

Goldman Sachs, America's largest investment bank reported better than expected fourth quarter earnings before the bell Wednesday. $GS surpassed concerns exist over $GS trading revenue and delivered their highest EPS ever.

PNC Financial reported worse than expected fourth quarter earnings before the bell on Wednesday after Bank of America $BAC, Wells Fargo $WFC, Citigroup $C and JPMorgan $JPM.  They had been beating on a growing loan book with improving interest rate margins.

The US has been gaining LNG export share after Australia and Qatar with Houston based Cheniere Energy the leading American exporter from Sabine. We monitor price, weather, political affects affecting US liquid natural gas and for global demand. 

Google ads