NEWS

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The U.S. added another rig to service, another 4 down in Texasn as U.S.oil production fell again off it's all time high to 12.20 million bpd. US Natural gas rigs frose 1. Canadian natural gas rose 2 and oil rigs rose 11.

Workplace messaging app company Slack  debuted at the NYSE with a value at $20bn, 48% above the reference price set by NYSE $WORK followed Spotify in a rare direct listing. The company has seen decelerating growth recently with investors betting on more paying customer conversions.

New recent lows with another +100 Bcf build with the natural gas injection season upon us. The EIA reported a higher than expected build of +115 Bcf in natural gas storage last week,  Ahead we focus on LNG and Mexican exports.

The Bank of England voted 9 to 0 to maintain Base Rate at 0.75%. The asset purchase target of £435 billion with a corporate bond target £10 billion for bond purchases was voted unaminous.

Software giant Oracle reported better than expected fiscal fourth quarter earnings after the close Wednesday. $ORCL benefited from Fusion and NetSuite cloud applications sales with competition on two main fronts, $AMZN Cloud infrastructure and $CRM platform database.

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