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Analysts attributed the lukewarm prices to the supply-demand equilibrium in the market.

Analysts attributed the major decline in the Canadian gas rig counts to the very low gas prices on the Canadian natural gas spot market. The natural gas producers prefer curtailing their production rather than increasing in the current depressed market.

Analysts say the number of Chinese merchants selling on Amazon's US site began to pick up over the last five years after it introduced measures that allowed sellers worldwide to store products at Amazon's warehouses and provided help in shipping those goods to customers.

Analysts were surprised that five rigs were added in the Permian Basin despite the big price differential between Midland and WTI due to pipeline bottlenecks. They considered the pipeline bottlenecks as a big threat against production growth of the Permian Basin.

And the announcement led to a leap in the share prices of a number of local companies related to the projects.