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15Apr2021 Pre-Market Commentary: Oil Soars 5% As Bullish News Mounts, WTI Crude 62.78, DOW +168, Nasdaq +1.0%, Bitcoin 62700


PepsiCo revenue rises 6.8%, B of A jumps on solid beat, retail sales explode in March (SPY +0.6%). Consumers use stimulus checks to spend heavily.
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.
The Permian Will Never Face A Pipeline Shortage Again
Just three years ago, the Permian shale oil boom was under threat: production was growing fast, but pipeline capacity wasnt. At one point, over one two-week period, eight of the biggest oil producers with a presence in the play shed a collective $15.6 billion in market valueor over $1 billion per dayas the producers rushed to ditch their backed-up crude at basement prices. Now, three years later, there are too many pipelines in the Permian. Almost half of oil pipelines carrying crude oil fro ....

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