An update on the current state of the U.S. economy and major news effecting oil pricing, demand for oilfield services, and the oil industry in general. Ty Chapman - PresidentFive Star Metals, Inc. Raising the Bar for Customer Service and Quality Connect on Twitter Follow us on Facebook Subscribe YouTube

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...