❓Why This Commodity Rose Despite Good Short-Term Supply News❓

Good morning, and Happy Thanksgiving. Oil prices somehow moved up on Tuesday, despite... It’s the monthly jobs numbers today and they’re not going to be pretty and will be possibly the tip of the iceberg as we head into May. [Trading Tips] Good morning, and Happy Thanksgiving. Oil prices somehow moved up on Tuesday, despite President Biden’s announcement that the Strategic Petroleum Reserve would be tapped, bringing 50 million barrels of oil onto the market on top of additional releases so far. The problem? While that number sounds impressive, markets were pricing in 100 million barrels instead to really shock the market. The move was small enough to earn a mocking note from Goldman Sachs (GS), which continues to see oil prices rising into 2022 on rising global demand, without even adding in factors such as inflation. Prepare for more pain at the pump, and higher prices for fossil fuel companies going into next year. Now here's the rest of the news: Sponsored Content [109 Trades… 105 Wins…. (holy smokes!)]( Do you… Trade Options? Want a better strategy during highly volatile markets? Only have a limited time to understand and test a strategy? If YES to any of the above...grab this FREE [ebook NOW]( from the former TD Ameritrade head of global education! [The Ultima Spike Strategy]( This ebook and video strategy session will be yours forever and will give you the ability to pull profits from a market no matter how volatile it gets! [Get your instant FREE copy HERE]( By clicking you agree to receive email updates and special offers from Trader News Media MARKETS DOW 35,804.38 -0.03% S&P 4,701.46 +0.23% NASDAQ 15,845.23 +0.44% *As of market close • Stocks traded mixed on Wednesday, shaking off morning losses to close higher. • Oil dropped 0.3 percent, closing at $78.27 per barrel. • Gold rose 0.2 percent, last going for $1,788 per ounce. • Cryptocurrencies traded lower, with Bitcoin at $57,450 at the market close. Today’s TOP TIPS [Internet of Things Projections Point to Secular Growth For this Key Firm]( The Internet of Things (IoT) tech trend is one of many such tech trends investors point to as signs of a big opportunity in tech investments over the next decade. IoT looks particularly attractive as it means the interconnectedness of a number of technologies today, even if the trend as a whole may not sound as exciting as, say, electric vehicles or cryptocurrencies. » [FULL STORY]( [Insider Trading Report: DraftKings (DKNG)]( Steven Murray, a director at DraftKings (DKNG), recently picked up 10,000 shares. The buy increased his stake by over 55 percent, and came to a total purchase price of just over $366,000. This is the third director to buy in as many days, following two other insider buys last week. One director bought 7,000 shares, the other 50,000. All told, company insiders have bought over $2.5 million in recent days, marking the first buys since the firm went public. » [FULL STORY]( [Unusual Options Activity: Dicerna Pharmaceuticals (DRNA)]( Shares of pharma company Dicerna Pharmaceuticals (DRNA) soared higher one week ago following a buyout offer of $38.25 per share. One trader sees the potential for a higher offer in the works in the coming weeks. That’s based on the January $40 calls. With 57 days until expiration, over 9,365 contracts traded, an 84-fold jump in volume from the prior open interest of 112. The buyer of the calls paid $0.15 to make the trade. » [FULL STORY]( IN OTHER NEWS • [Pre-Orders Lessen Supply Chain Disruptions]( The International Chamber of Shipping reports that the worst of the supply chain disruptions are over. Retailers who made significant pre-orders of goods likely helped ease issues at the shelves, and global container shipping capacity is set to increase over the next 24 to 36 months to ensure that shipping doesn’t contribute to further shortages. • [Pharma Chains Found Liable in Ohio Opioid Suit]( An Ohio jury found that three major drugstore chains bore responsibility for the opioid epidemic in two counties. Damages will be adjudicated in the spring, with each county asking for over $1 billion in damages. The counties represent 440,000 Americans, and the lawsuit sets a new precedent for retailers on goods they sell. • [Justice Department Files Antitrust Suit on Sugar Merger]( The US Justice Department has filed an antitrust lawsuit to challenge a proposed merger between US Sugar and Imperial Sugar. The lawsuit claims that the combination would lead to higher prices for refined sugar and raise prices for consumers. • [Bankers Seek Crypto Regulations]( With the banking industry increasingly looking at ways to integrate cryptocurrencies into their business model, government regulatory agencies are looking to provide the sector with guidelines. The Fed recently laid out a regulatory roadmap, looking into areas such as custody, purchases, and collateralized loans. • [Samsung Announces Semiconductor Site in Texas]( Korean tech firm Samsung has announced plans to build a semiconductor facility in Taylor, Texas. The facility will be a wafer fabrication plant for advanced logic devices, and will come at a cost of $17 billion. The plant will likely create 2,000 jobs directly, with thousands of related jobs once in full funding. S&P 500 MOVERS TOP HPQ 9.863% ETSY 5.964% DE 5.199% INCY 4.922% AMD 4.79% BOTTOM GPS 24.266% ADSK 16.317% M 4.252% TPR 3.881% BBY 3.735% Quote of the Day Although Covid case counts are up around the globe, there is not much evidence that it is shutting down the U.S. economy again as it has in the past. For example, travel forecasts for the Thanksgiving holiday are the strongest since before the pandemic. - Jim Paulsen, chief investment strategist for Leuthold Group, on why slightly rising Covid cases in the past few weeks have had little impact on the stock market. Sponsored Content [109 Trades… 105 Wins…. (holy smokes!)]( Do you… Trade Options? Want a better strategy during highly volatile markets? Only have a limited time to understand and test a strategy? If YES to any of the above...grab this FREE [ebook NOW]( from the former TD Ameritrade head of global education! [The Ultima Spike Strategy]( This ebook and video strategy session will be yours forever and will give you the ability to pull profits from a market no matter how volatile it gets! [Get your instant FREE copy HERE]( By clicking you agree to receive email updates and special offers from Trader News Media Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: [Warren Buffett's Top 5 Stocks]( | [10 Great Stocks Under $10]( | [7 High Yield Dividend Stocks]( › Step #2 - Join Our Premium Advisory: [The Next Superstock]( › Step #3 - Claim Your Free Copy Of: [Big Book Of Chart Patterns]( | [How to Trade Weekly Options For Weekly Income]( We just wanted to take a moment and say thank you so much for being part of our family! 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