Oil Prices Drop below $70 per Barrel. Deflationary and helpful to rates.

ADP Employment Report for August showed only 99,0000 jobs created. Most with companies with 50 or more employees. This is another datapoint for the Feds September 18th meeting.

We are holding our clients locks until Tomorrow’s Jobs Report.

Now getting back to Oil.

When oil production began, there was no standard container for oil, so oil and petroleum products were stored and transported in barrels of different shapes and sizes. Some of these barrels would originally have been used for other products, such as beer, fish, molasses, or turpentine.


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