Oil prices fell over 3% Tuesday on easing political tensions in Eastern Europe. Futures rebounded in mid-morning trading, with WTI up 2.5% at $94.37/bbl and Brent up 2.5% at $95.57/bbl. U.S. natural gas was 5.4% higher at $4.54/MMBtu.
U.S. crude production will hit 12 million bpd this year and a record 12.6 million bpd in 2023 on higher demand from Asia, the U.S. Energy Information Administration predicts.
A large winter storm will begin moving across the central, southern and eastern U.S. today until Friday, bringing a mix of disruptive rain, snow and possible flooding.
Canadian border blockades on two routes, one to Montana and one to North Dakota, are expected to ease today following the Canadian government’s invocation of emergency powers. Protests in Ottawa, on the other hand, show no signs of stopping.
U.S. seaborne container imports dropped to 2.66 million TEUs in January, down 1.4% from the year before and 0.2% from December.
Global container shipping capacity expanded by 14% last year to a record-high 7.2 million TEUs, according to Drewry Shipping Consultants.
U.S. retail sales jumped a higher-than-expected 3.8% in January.
Growth in U.S. wholesale inventories accelerated to 2.2% in December.
The average U.S. 30-year mortgage rate is up by one-fifth since Christmas to 3.69%, a two-year high.
U.S. single-family home rental prices rose 7.8% last year to an all-time high. Record investment went into rentals last year, primarily in major cities of Sunbelt states including Dallas, Atlanta, Phoenix and Houston.
Airbnb posted record revenue last year, capitalizing on surging pandemic demand for suburban rentals.
Comparable store sales at Advanced Auto Parts rose 8.2% last quarter compared to a year ago, as parts suppliers have so far avoided the same kind of sticker shock as for fully assembled vehicles.
Marriott saw revenue of $4.45 billion in the latest quarter, more than double the year-ago period on higher occupancy levels.
COVID-19 cases in Mexico are down 40% over the past three weeks. Passenger traffic at the Mexico City International Airport was up 56% year over year in January but remained well below pre-pandemic levels.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
This cookie is installed by Google Analytics.
A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The pattern element in the name contains the unique identity number of the account or website it relates to.
Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services.
Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
Vimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.