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  • WTI Maintains Losses After Big Gasoline Build

    From zerohedge.com

    Oil prices are lower this morning following last night's API-reported surprise build in gasoline and distillates stocks (with WTI having rejected $60 once again) as the dollar freefall stalls (for now) “For the oil market to recover, the world needs further progress in fighting the pandemic, a slowing infection count and a gradual withdrawal of lockdowns and restrictions.,” said Louise Dickson, an oil markets analyst at Rystad Energy AS. This northern-hemisphere summer, “vaccination campaigns are expected to reach a satisfactory initial level to allow a gradual return to social normality.” So, all eyes are ... (full story)

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    2nd Finance Ministers and Central Bank Governors Meeting

    From g20.org|Apr 7, 2021

    The G20 Finance Ministers and Central Bank Governors (FMCBG) met on Wednesday, 7 April, for their second official meeting under the Italian G20 Presidency. The meeting, as for the ...

    President Biden’s $2.7 Trillion American Jobs Plan: Budgetary and Macroeconomic Effects

    From wharton.upenn.edu|Apr 7, 2021|64 comments

    On March 31, 2021, President Biden released the American Jobs Plan (AJP). This plan proposed $2.3 trillion in new federal spending on various forms of public infrastructure, ...

    EU drug regulator says AstraZeneca shot benefit outweighs risk

    From @zerohedge|Apr 7, 2021|2 comments

    tweet at 9:54am: *EU DRUG REGULATOR SAYS ASTRAZENECA SHOT BENEFIT OUTWEIGHS RISK tweet at 9:50am: AstraZeneca's covid-19 vaccine: EMA finds possible link to very rare cases of unusual blood clots with low blood platelets Says in reaching conclusion, committee took into consideration all currently available evidence, including the advice from an ad hoc expert group tweet at 9:52am: PRAC noted that blood clots occurred in veins in brain and the abdomen (splanchnic vein thrombosis) and in arteries EMA confirms overall benefit-risk for AstraZeneca's covid-19 vaccine remains positive tweet at 9:54am: EMA - most of blood clot cases reported related to AstraZeneca's vaccine have occurred in women under 60 years of age within 2 weeks of vaccination tweet at 9:55am: EU health ministers told EMA incoming announcement on AstraZeneca vaccine safety expected to have immediate impact on vaccination plans, vaccine confidence - EU document https://t.co/Pxj9jF06Q6

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    High stakes as big oil piles into wind power

    From youtube.com/reuters|Apr 7, 2021

    Oil giants including BP are among firms driving a bidding frenzy for rights to offshore wind power sites and some experts say consumers may end up footing the bill.

    Fed's Kaplan says he forecasts GDP growth of 6.5% for 2021

    From @FirstSquawk|Apr 7, 2021

    tweet at 11:16am: FED'S KAPLAN SAYS HE FORECASTS GDP GROWTH OF 6.5% FOR 2021 tweet at 11:16am: FED'S KAPLAN SAYS HE PROJECTS UNEMPLOYMENT RATE APPROACHING 4% BY YEAR END tweet at 11:17am: FED'S KAPLAN SAYS WE'RE NOT OUT OF THE WOODS YET IN THIS PANDEMIC tweet at 11:18am: FED'S KAPLAN: INFLATION COULD CLIMB PAST 2.5% BEFORE LEVELING OFF. tweet at 11:18am: FED'S KAPLAN: THERE IS CONCERN THAT A MUTATION WILL EMERGE THAT IS IMMUNE TO VACCINES.

    US: Trade remains the weak link

    From think.ing.com|Apr 7, 2021

    A new record monthly trade deficit A new US record trade deficit is confirmed for February, coming in at -$71.1bn versus -$67.8bn in January. Imports fell 0.7% month-on-month, but ...

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  • Posted: Apr 7, 2021 10:38am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 0  /  Views: 427
  • Linked events:
    US Crude Oil Inventories
    US Distillate Inventories
    US Gasoline Inventories
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    From reuters.com|Apr 7, 2021
    President Biden’s $2.7 Trillion American Jobs Plan: Budgetary and Macroeconomic Effects
    From wharton.upenn.edu|Apr 7, 2021|64 comments
    Summer gasoline consumption expected to increase from 2020 but remain below 2019 levels
    From eia.gov|Apr 7, 2021
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