Energy News Beat 1/15/2020

Buy the rumor, sell the news as markets fall flat with Biden proposed $1.9 trillion stimulus. The Dow Jones Industrial Average traded 89 points lower, or 0.3%. The S&P 500 dipped 0.4%, and the Nasdaq Composite slid 0.5%.

• S&P 500: -0.40%
• Nasdaq: -0.50%
• Dow Jones: 0.3%

“Plans for future historical stimulus, easy Fed policy and vaccines are now well known, and as such those catalysts simply don’t have the positive influence on stocks that they have over the past few months,” he added.

Crude Oil and Natural Gas News
Crude oil falls over 2% even amid an increase in rigs as bulls can’t keep control. Currently oil trading at $52.41. Natural gas spikes 2.7% after traders placing bets on a colder back-half of the month. Natural gas prices rise $2.737

US Energy News
• ExxonMobil under SEC prob
• Rig count +13

International Energy News
• Canada oil and gas spending up
• Chevron invests in carbon capture company
• Total withdraws from API
• China 2020 crude imports up
• VZ allowing private operators?