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November nonfarm payrolls rose by just 245,000, well below economists expected gain of 440,000. The jobless rate decreased to 6.7% from 6.9% in October. While the unemployment rate met expectations, it fell along with a drop in the labor force participation rate to 61.5%. A more encompassing measure of joblessness edged lower to 12%, while the number of Americans outside of the work force remained just above 100 million. In total, the U.S. economy has brought back 12.3 millio... |
PSX is up nearly 36% in the last month. Should you jump onboard?Even before the pandemic had begun to spread on a global basis, the energy sector was rocked by a short, but intense price war between Saudi Arabia and Russia that forced benchmark oil prices to drop at the beginning of the year. The selloff just got worse once the health crisis began to accelerate, and even though the prices of both Brent and West Texas Intermediate crude oil have recovered off of the extreme lows they visited in April and May, they both remain significantly below their 2019... |
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Featured StockClean Energy Fuels Corp. (CLNE) – Buy Price: $4.50 or betterClean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets, primarily in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations. Read More |
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