Baker Hughes oil rig count -7 at 415

Oil rig count -7 at 415 Gas +5 at 122 Total rig -2 at 542 The price of crude oil is trading down $-0.61 at $65.42. For the trading week, the price tested its 100-day moving average, currently at $64.91. The low price for the week $64.76 on Wednesday, but it could not sustain momentum … Read more

Australia to import US beef for the first time

US farmers could be facing higher costs and lower business as a result of the tariffs. Some media impacts include: Tariffs on farm equipment and parts Steel and aluminum tariffs (e.g., 25% on imported steel) raise the cost of tractors, combines, grain bins, and irrigation systems. Machinery and equipment parts from countries like China or … Read more