Results

The Bulls ruled on Thursday in the Fuels markets as optimism abounded for the third day in a row. The US Gross Domestic Product grew an annualized 6.4% in the first quarter. US weekly jobless claims declined to their lowest level since March 2020. The only negative was from Ford’s earnings release. A shortage of computer chips means a shortage of new vehicles. This will impact rental car agencies who sold off car inventory during the pandemic. Their inability to replenish new vehicles will leave the summer driving season with limited vehicle options for travelers to drive.