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This Week’s Market Buzz

  • The American Petroleum Institute reported that U.S. crude supplies fell by 7.9 million barrels for the week ended Dec. 20. As a result, West Texas Intermediate crude for February edged up 6 cents, or 0.1%, at $61.17 a barrel on the New York Mercantile Exchange. February Brent crude picked tacked on 4 cents, or less than 0.1%, to reach $66.21 a barrel on ICE Futures Europe.
  • The New York Stock Exchange suspended trading of Carbo Ceramics' common stock when markets closed Dec. 20. Its shares are expected to begin trading on the OTCQB Market under the symbol CRRT. "Importantly, the transition will not impact Carbo's business operations or the company's ongoing transformation strategy to improve its cash position, diversify its business, and strengthen its financial foundation in the face of oil and gas industry volatility," the company said in a press release.
  • Winona County, Minn., Commissioner Steve Jacob voted against a recent levy, saying, bans on frac sand mining or construction on the bluffs, plus the animal unit cap that stops feedlots from growing is hurting economic development in the county.