Oil

OPEC cuts oil demand forecasts again; spot prices shrug as contango deepens.

The technology sector is continuing with its takeover of the broader market with the recent announcement of Exxon, Raytheon, and Pfizer being removed from the Dow Jones Industrial Average Index.

An oil shock took the world by storm reaching negative $38/barrel, U.S. markets were calm, U.S. equities posted modest gains and jobless claims on the rise.