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April saw the perfect storm for oil: plummeting demand as the global economy slowed and many of the fuel intensive industries drastically reduced operations and increasing supply as OPEC, Russia and US shale companies ramped up production. May has seen the agreed OPEC production cuts take place and, as the economy begins to reopen, demand is recovering. We believe that equilibrium for oil is above the prices in April and that the market will see continued stabilization. Another reminder of just how interconnected the global economy still is.

The New Care Act and how it may impact you

The following article is a concise summary of the recently passed legislation to provide funds to individuals and small businesses as the country tries to weather through these difficult times. We would not be surprised to see additional help as businesses must stay closed longer than expected and non-essential workers that cannot work remotely continue to experience loss of income