NEWS

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US existing home sales tumbled to 5.19M v 5.35M expected and the prior 5.21M, down -0.4% v +2.7% expected. Mortgage data has been volatile but stronger in 2019 so perhaps housing numbers pick up in the coming months if the geopolitical temperature cools. 

Norway's Golar LNG Limited reported first quarter earnings Tuesday.with higher revenue than expected. $GLNG sees higher fleet utilization  ahead as LNG production increases. The company is proceeding with the TFDE LNG Carrier Spinoff.

U.S. oil rigs in service fell another 3 2 this week with U.S.oil production just off the all time high at 12.10 million bpd. US Natural gas rigs were unchanged. Canadian natural gas and oil rigs were unchanged.

Iconic farming, forestry and construction equipment maker Deere missed second quarter earnings reported before the open Friday. $DE also cut guidance citing global risks, higher US dollar and higher raw materials and freight costs fueling higher expenses and uncertainty.

Chinese video streaming company iQiyi, an arm of China major Baidu known as China's Netflix, reported first quarter earnings Thursday after the close. The net loss widened to RMB 1.8 billion ($270.3 million), smaller than expected but with revenue lower than expected.

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