Regardless of whether you’re lighting candles this week or hanging stockings by the fire, we’d like to wish you and your family a safe and happy holiday, on behalf of Marathon Energy.
Why so crude? Crude oil prices were up last week overall, but fell last Friday with losses continuing into Monday. Prices rose early in the week due to optimism surrounding the US/China trade deal. Downward pressure on prices lately has been in response to large increase in the US rig count, signaling increased supply coming from the region. The Baker Hughes oil rig count rose last week, going from 667 to 685 and indicating increased domestic production.
Bearish Tone & Warming Trends! Natural gas forecast continues to call for a warming trend. Look for the bearish tone to continue as long as the market remains under $2.239 with $2.169 the next major target. – FX Empire
Happy Hanukkah! Both the Manhattan and Brooklyn Grand Army Plazas host competitors in the race for the World’s Largest Hanukkah Menorah. Missed the kick off last night? You can catch it each night through Sunday. – NYC The Official Guide
Crunch Time! If you haven’t yet begun your shopping, it’s time to start now, because if you wait much longer, it’s possible that your gifts won’t arrive on time — or you already missed the shipping deadline and will need to pick it up in the store. On the other hand, you’ll probably appreciate that most retailers are offering the year’s best deals on the most popular tech products right now. – The Verge
Marathon Energy was honored to be part of Wreaths Across America this Holiday season. Wreaths Across America is a nonprofit organization that puts wreaths on fallen Veterans’ graves. Marathon Energy donated ten wreaths to Woodland Cemetery in Syracuse, to honor those brave soldiers.
And remember, if you or your company are involved in helping your community, please let us know by emailing us here. After all, Marathon Cares.