The Labor Department reported U. S. weekly Jobless Claims; Kevin has the details and offers his insights. The Bureau of Labor Statistics reported the U.S. Producer Price Index (PPI) for April; Kevin discusses the data and the. implications going forward on Interest rates. The U.S. Retail Sales report was released; Kevin has the details. JPMorgan offers their latest predictions as to the possibility a recession this year; Kevin digs in to the report and offers his insights. US House Energy and Commerce Committee proposed replenishing the Strategic Petroleum Reserves. Oil reacts to a possible Iran nuclear deal, Russian President Putin's refusal to meet with Ukraine's Zelinsky, U.S. Crude inventory increases and the International Energy Agency upgrade of 2025 oil demand growth forecast.

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