Feb 20 2025 41 mins
The U.S. Labor Department released the weekly report of Americans filing new applications for unemployment, Kevin has the details and his insights. The Federal Reserve released the minutes of their January 28-29 policy meeting; Kevin digs into the details. The nonfarm payroll report was released by the U.S. Commerce Department, Kevin has the details. Lee Zeldin, head of the Environmental Protection Agency plans to revoke $20 billion in grants awarded in the final weeks of the Biden administration. Oil reacts to data on U.S. gasoline and distillates; oil supply disruptions in Russia; negotiations to end the Russia-Ukraine war; Russia's attack on Ukrainian gas infrastructure and gas production facilities; 30-40% reduction from a pipeline in Kazakhstan after a Ukrainian drone strike and an increase inU.S. crude inventories.