NEWS

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With world leaders heading to Japan and an OPEC meeting next week the WSJ reports Iran warned Thursday that if the 2015 nuclear agreement unravels, it would follow North Korea and quit a treaty aimed at stopping the spread of nuclear weapons.

New recent futures lows but under +100 Bcf this week with the EIA reporting as expected build of +98 Bcf in natural gas storage last week, Ahead we focus on LNG and Mexican exports.

KB Homes reported better than expected Q2 earnings after the market Thursday.  The stock jumped 7% after it had been sold off with other homebuilders after Lennar's $LEN conference call. A decline in homebuilding revenue has hurt the top line in the past year.  

Heading into G20 EIA reported a draw in crude of  12788k bbls higher than what API reported. Cushing showed a draw of 1746k bbls.. US production actually fell for the third week in a row this week in the shale revolution another100k off the record high to 12.10 mbpd.

FedEx Corp reported better than expected earnings after the close Tuesday with largely negative expectations as the trade war has hurt $FDX more than most with it's large China presence. Lower FedEx International Priority package and freight revenues at FedEx Express hurt.

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