In Five Star Metals' first ever Five Minute Friday, we look at all the news impacting the U.S. and World economies. We focus on news relevant to the oilfield and oilfield services industry. This weekly summary tells you everything you need to know about what happened in oil markets this week including inventory changes, rig counts, economic data, a...

In this article, we look at two things: the state of the U.S. economy as a whole and what we see developing in oil markets. The state of the U.S. economy is a key driver of oil demand.Stubbornly, oil markets have finally moved back into backwardation (meaning traders finally believe that by the end of the year, there will be more demand than supply...