NEWS

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The OPEC Monthly Oil Market Report (MOMR) for May released Tuessday 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.

Video game publisher Take-Two Interactive Software reported mixed results for its fiscal fourth quarter with a soft outlook for fiscal year. $TTWO was driven primarily by Red Dead Redemption 2, Grand Theft Auto Online and NBA 2K19.

Uber Technologies Inc reacted to the fallout from the Lyft initial public offering by lowering the IPO price in an attempt to lessen any negative impact, that was not the case. $UBER shares Fell 7.62%, losing over $200 million, the 5th biggest loss for an IPO in 30 years.

U.S. oil rigs in service fell 2 this week with U.S.oil production just off the all time high of 12.20 million bpd. US Natural gas rigs were unchanged. Oil rigs rose 5 in Canada and Canadian natural gas rigs fell 3 with the freezing weather.

Canada with all the fallout from political scandals and falling Canadian energy prices, pipeline missteps and trade wars surprised by adding +106.5K jobs in April, the most in history and crushing the +11.6K expected

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