This Week’s Market Buzz

  • Oil prices rose at press time, as stock markets strengthened and the U.S. dollar slipped, though gains were capped by the coronavirus situation in major oil consumer India. Brent crude oil futures were up $1.23, or 1.8%, at $68.28 a barrel by 1349 GMT and West Texas Intermediate (WTI) crude was up $1.12, or 1.8%, at $64.94.
  • A number of news outlets are reporting on a company that is supposedly offering $14,000 a week to experienced frac sand truck drivers, but many of the reports left off an important detail – you have to supply the truck. Sisu Energy of Forth Worth, Texas, claims haulers can earn $14,000 a week in gross pay, but it doesn’t actually hire drivers as employees. Rather, it contracts with owner/operators who are running their own businesses.
  • Loma Negra Railroad segment volumes experienced a 5.0% increase in the first quarter versus the comparable quarter in 2020, with a positive effect of the recovery in building materials and frac-sand transported volumes.

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