Dow went up 17 (finishing near session lows), advancers over decliners 3-2 & NAZ fell 6. The MLP index rose 2+ to the 319s & the REIT index added a fraction to the 343s. Junk bond funds traded higher & Treasuries also advanced. Oil gained (see below) & gold was a tad lower.
AMJ (Alerian MLP Index tracking fund)
![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif?0.30315504132075577)
UPS Store was the first nationwide retailer to offer in-store 3D printing services in 2014. The delivery service upped its involvement in 3D printing in May 2015 for the launch of a nearly fully automated 3D printing factory equipped with 100 printers. The rollout of the 3D printing network, however, takes things to a new level, as the network will make the partners' 3D printing services accessible to significantly more potential users. UPS is also teaming up with German software giant SAP on this initiative. SAP's supply chain solutions will be integrated with UPS' manufacturing solutions & global logistics network to simplify the industrial manufacturing process.
club.ino.com/trend/analysis/stock/UPS?a_aid=CD3289&a_bid=6ae5b6f
The US Energy Information Administration raised its 2016 & 2017 forecasts for West Texas Intermediate & Brent crude prices. In its monthly energy outlook report, the gov agency forecast an average price of $42.83 a barrel for WTI this year, up from a previous estimate of $40.32. Brent crude is seen averaging $43.03 this year, up from the $40.52 May forecast. The EIA left its US oil production estimates for 2016 & 2017 unchanged at 8.6M barrels a day & 8.19M barrels a day, respectively.
Oil prices continued their climb, hitting 8-month highs, as expectations of US crude draws underpinned a market already worried about potential supply shortages from attacks on Nigeria's oil industry. US crude stockpiles likely fell by 3.5M barrels last week to mark a 3rd straight week of declines, based on a preliminary. Trade group American Petroleum Institute is expected to cite a drawdown as well in its inventory report today, before official stockpiles data slated tomorrow from the US gov. Crude oil rallied in the past 2 sessions after rebels in Nigeria's Niger Delta vowed to halt output in the country, which until last year was Africa's biggest producer turning out about 2M barrels per day (bpd). The Nigerian government said it was initiating talks with the rebels. US crude (WTI) gained 40¢ to $50.09, having touched a fresh 2016 peak of $50.37 earlier.
Oil Hits 2016 High on U.S. Draw Forecasts, Nigeria Worry
Gains in the AM lost substance & stocks settled the day with a modest advance. Wild swings in oil prices, especially after its latest track record, can be dangerous to play. Higher prices will not bring prosperity in the short term. Big energy companies have been hurt by the bear market in oil & financial problems for the industry remain. Once again Dow failed to crack thru 18K, an ominous sign.
Dow Jones Industrials
AMJ (Alerian MLP Index tracking fund)
| CLN16.NYM | ....Light Sweet Crude Oil Futures,J | ....50.36 |  ...0.67 | (1.4%) |
UPS Store was the first nationwide retailer to offer in-store 3D printing services in 2014. The delivery service upped its involvement in 3D printing in May 2015 for the launch of a nearly fully automated 3D printing factory equipped with 100 printers. The rollout of the 3D printing network, however, takes things to a new level, as the network will make the partners' 3D printing services accessible to significantly more potential users. UPS is also teaming up with German software giant SAP on this initiative. SAP's supply chain solutions will be integrated with UPS' manufacturing solutions & global logistics network to simplify the industrial manufacturing process.
- Customers place their 3D printing orders on Fast Radius' website.
- Orders will be directed to the optimal manufacturing facility (Fast Radius contracts out capabilities that it doesn't possess) or UPS Store location based on geography, speed, and product quality requirements.
- Orders can be shipped as early as same day.
- Any person or company globally can use the network.
Setting up operations on the UPS Supply Chain Campus was a key part of Fast Radius' business plan. This location, coupled with UPS' expertise in logistics & Fast Radius' nearly fully automated 3D-printing platform allows the company to generally take orders "up to 6PM (Pacific Time) or when most suppliers are having to box up an order for pick-up, & still get them delivered next day." UPS stock went up 78¢. If you would like to learn more about UPS, click on this link:
club.ino.com/trend/analysis/stock/UPS?a_aid=CD3289&a_bid=6ae5b6f
UPS Is Launching a 3D-Printing Service With a Significant Competitive Advantage
United Parcel Service (UPS)
The US Energy Information Administration raised its 2016 & 2017 forecasts for West Texas Intermediate & Brent crude prices. In its monthly energy outlook report, the gov agency forecast an average price of $42.83 a barrel for WTI this year, up from a previous estimate of $40.32. Brent crude is seen averaging $43.03 this year, up from the $40.52 May forecast. The EIA left its US oil production estimates for 2016 & 2017 unchanged at 8.6M barrels a day & 8.19M barrels a day, respectively.
EIA Raises Oil Price Forecasts For This Year And Next
Oil prices continued their climb, hitting 8-month highs, as expectations of US crude draws underpinned a market already worried about potential supply shortages from attacks on Nigeria's oil industry. US crude stockpiles likely fell by 3.5M barrels last week to mark a 3rd straight week of declines, based on a preliminary. Trade group American Petroleum Institute is expected to cite a drawdown as well in its inventory report today, before official stockpiles data slated tomorrow from the US gov. Crude oil rallied in the past 2 sessions after rebels in Nigeria's Niger Delta vowed to halt output in the country, which until last year was Africa's biggest producer turning out about 2M barrels per day (bpd). The Nigerian government said it was initiating talks with the rebels. US crude (WTI) gained 40¢ to $50.09, having touched a fresh 2016 peak of $50.37 earlier.
Oil Hits 2016 High on U.S. Draw Forecasts, Nigeria Worry
Gains in the AM lost substance & stocks settled the day with a modest advance. Wild swings in oil prices, especially after its latest track record, can be dangerous to play. Higher prices will not bring prosperity in the short term. Big energy companies have been hurt by the bear market in oil & financial problems for the industry remain. Once again Dow failed to crack thru 18K, an ominous sign.
Dow Jones Industrials
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