Weekly Insight | September 18, 2019

The big news this week was the drone attack on the Abqaiq oil facility in Saudi Arabia. The attack impacted 5% of the global oil supply. Crude oil prices were up 13% the first trading day after the attack, but prices have since moderated. The moderation is due to the Saudis announcing they expect most of the production at the facility to be up and running by the end of the week.

Weekly Insight | September 4, 2019

Second quarter GDP revisions show slower growth than was expected. The revision shows GDP growth of 2%. This is down from the initial reading of 2.1%. The downward revision is due to lower than expected local government spending, exports, private inventory investment, and residential investment. Strong personal consumption expenditure (PCE) was the major positive contributor to the growth.