Back in 2014, Harley-Davidson made a lot of noise about its silent electric Livewire motorcycle concept. But the company’s been mum ever since about whether it ever planned to build it—until now.
At the EICMA motorcycle show in Milan, Italy, on Wednesday, the company finally announced official plans to build the Livewire, after years of competition from startup electric motorcycle makers such as Zero and Energica.
The new bike looks a lot like the concept bikes that Harley took on tour in 2014 but adds a minimal Street-style fairing to move away from the “naked”… Click here for full article.
A year after throwing down the gauntlet with an unprecedented outlay on next-generation mobility, Volkswagen AG has boosted its five-year plan by more than a quarter to 44 billion euros ($50 billion).
With the new record through 2023, the German carmaker is highlighting the huge stakes in moving from the combustion era into an electric future. Volkswagen said it now plans more than 50 fully-electric models on the road by 2025, more than any other manufacturer. The push, including next year’s Porsche Taycan, is part…Click here for full article
After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out.
WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained some ground at the end of the week, despite the huge increase in U.S. crude oil inventories. In fact, rising prices in the face of the 10-million-barrel increase in crude stocks suggests that oil may have already hit a bottom. “[Y]esterday’s price reaction to the US inventory data shows that negative news is now largely priced in,” Commerzbank said in a note. “This is the only way to explain why an increase in US crude oil stocks of a good 10 million barrels failed to put further pressure on prices.” CLICK for complete article
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It’s no secret natural gas and the related exchange traded funds are setting a torrid pace. Led by the United States Natural Gas Fund, the de facto ETF choice for exposure to this commodity, three of the seven ETFs that hit 52-week highs Wednesday were natural gas products.
On volume that was more than 13 times the daily average, UNG soared 18.9 percent Wednesday, good for one of the best percentage gains among non-leveraged ETFs…. CLICK for complete article
Crude oil prices crashed yesterday, losing 7 percent in just one day, which was the biggest daily loss in three years and today continued down in early trading as headwinds overwhelmed any bullish factors.
After a rather rocky start to Wednesday trading, oil prices managed to tick upward, with WTI trading at 2.32% by 10:14am EST. Brent had rallied 2.63% to trade at $67.19 at the time of writing, despite pressure by a vicious combination of demand outlook, oversupply concerns and a couple of other factors such as President Trump’s call on OPEC to keep production at current levels…. CLICK for complete article