The crude oil market had another week of slump and dump as the main event seemed to be the International Energy Agency report about increasing shale output and slack demand for gasoline in the United States that suggests the supply glut may last longer previously thought. For natural gas though we may have hit a bottom after a bullish storage report from the Energy Information Administration and forecasts for hot weather and potential tropical storm activity brewing in the Atlantic Ocean.
Highlighted Market Movers: EPZM +17% Reports Positive Interim Data from Phase 2 Trial for Tazemetostat in Relapsed or Refractory Follicular Lymphoma and DLBCL Patients
HOG +2% Positive comments from Citi in intraday trading
KR -18% Announced Earnings, Cutting FY 2017 forecast
IOTS -15% Announces Proposed Public Offering of Common Stock
The tide is turning: central banks are finally in the process of ending their extraordinary loose monetary policy stances that had been originally established in response to the global financial crisis and the economic slump that ensued.