Gas Price Movement August 3, 2017
Brent Oil Brent oil prices increased by 2.73%, as prices increased for the fifth consecutive week. Oil traded on August 2, 2017 at a price of 52.36 (US$/ barrel). Petrojam prices 87 Octane prices increased week over week, by 1.32% . Additionally 90 Octane increased by 1.29% week over week. 87 Octane and 90 Octane opened the year at J$97.32 and J$98.98 respectively. Figure 1: Petrojam, U.S. Gulf Coast Conventional Gasoline Regular and Brent Crude Oil 1 Year Price History This Week in Petroleum Seasonality of U.S. distillate consumption and stock levels is declining Changes in demand trends, trade patterns,
MDS reports a 12% decline in first quarter profits
Medical Disposables & Supplies Limited (MDS) for the three months ended June 30, 2017: recorded revenues of $480.59 million, an increase of 13% compared to the $425.36 million booked in 2016. The increase was due to the, “Company’s strategic plan to increase its market share, through increased product offerings and the widening of the customer base in all categories of the Company’s business operations.” Cost of Sales increased $51.94 million to total $378.09 million relative to $326.15 million in 2016, a 16% increase. As a result, Gross Profit grew by 3% or $3.30 million to total $102.50 million in 2017
Daily Market Summary- August 2, 2017
Please click below to view today’s Daily Market Summary. Daily Market Summary 02.08.17 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.