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G-20 nearer to a deal on minimum corporate tax rate (SPY +0.5%). Big oil set to return to profit in 2021 and the WEI index improved again.
The Market in Perspective
Here are the headlines moving the markets.
Big Oil Set To Return To Profit In 2021 Vitol, Shell and Exxon are all expected to announce profits in Q1 2021 following a turbulent 2020. The three companies are profiting from increased oil demand and a rise in oil prices, giving analysts hope for a strong year in oil and gas. Shell announced this week that it expects to make its first profit from oil production in the first quarter of 2021 since the beginning of the Covid-19 pandemic. The company s upstream unit, which mainly manages crude exploration and production, has gained from the surge in oil prices over the past
Here is the current market situation from CNN Money
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Oil Slips As COVID Resurgence Threatens Demand Recovery Oil prices dropped early on Thursday, following a record number of new daily COVID cases in major oil consumer India and a jump in U.S. gasoline stocks estimated by the EIA. As of 10:55 a.m. EDT on Thursday, WTI Crude prices were down 0.69 percent at $59.33 and Brent Crude was trading down 0.43 percent on the day at $62.87. Crude oil prices continued to reflect on Thursday a sizeable build in U.S. gasoline inventories reported by the Energy Information Administration (EIA) on Wednesday. The EIA reported a crude oil inventory draw of 3.5 million
There s a lot of challenges with mandating employees to do anything, Rothbard said Thursday on CNBC s Squawk Box. Any boss will tell you, it s a lot more about persuasion than telling.
The issue of whether to require workers to get vaccines in order to return to the office has come into focus recently as about 3 million people in the U.S. per day are getting shots. The latest numbers from the Centers for Disease Control and Prevention show nearly a quarter of the American adult population is fully vaccinated. Trying really to incentivize people to get vaccinated, I think, is going to be a much more popular route than mandates, said Rothbard, a management professor whose research partly focuses on work motivation and engagement.