NEWS

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The EIA reported a draw of - 87 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.  

Niantic, the video game maker behind Pokemon Go, has raised $190 million as it gears up for the release of a AR new game that revolves around the Harry Potter universe called Wizards Unite. The funding is said to put a $3.9 billion valuation on the company.

The Bank of Canada held its key lending rate at 1.75 percent on Wednesday as expected. The BoC said drop in oil prices having a 'material' effect on outlook adding pace of BOC hikes depends on oil and housing outlooks evolve

EIA reported a small build in crude oil with huge builds in gasoline and distillates. Cushing inventories showed a build last week.  Production at 11.7 mbpd ATH. Crude oil futures volatilty continued with market uncertainty with OPEC & Trade War concerns.

IBM introduced it's new global weather forecasting system at CES 2019 on Tuesday. The IBM Global High-Resolution Atmospheric Forecasting System (GRAF) was created with subsidiary The Weather Company using supercomputers and crowdsourced data.

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