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26May2021 Pre-Market Commentary: Oil Rises On Bullish API Inventory Report, WTI 65.62, Gold Higher 1912, Silver Up 28.20, DOW Up 88 Points, Bitcoin Above 40100


Dick s Sporting Goods earnings crush estimates as kids head back to team sports (SPY 0.3%). Nordstrom shares fall and FAA downgrades Mexico air safety rating, prohibiting new flights.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Is This The Worlds Most Exciting Oil Discovery? An Interview With Craig Steinke
After very promising results on their first well in Namibias giant Kavango basin, global attention has turned to this small Canadian explorer as it drills its second well in a basin estimated by a world-renowned geochemist to potentially hold up to 120 billion barrels. In an interview with Oilprice.coms James Stafford, Steinke, the founder and President of Reconnaissance Energy Africa (Recon Africa) (TSX.V: RECO, OTCMKTS:RECAF) d ....

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