Spring Break In North Dakota: No NDIC Report Posted Today; WTI Price Declines For A Second Day -- What's Going On? Two words. -- March 15, 2021

The two words "the dollar."

A strengthening dollar leads to lower WTI prices, all else being equal.

Link here.  

First group:

• 10-Year Treasury: link here. 1.606%; down 3 basis points;
  
• DXY: link here. 91.80; up slightly; previous close, 91.60.
  
• Silver: link  here. $26.330; up 1.65;
  
• CBOE volatility index: link here. 20.03, down significantly; down over 3%.
  

Second group:

• 30-Year Treasury: link here. Down four basis points; 2.359%.

Another day, another record (well, actually two more):

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Apple

Apple: continued to dominate the wearables market in 2020. Link here. Its weaables business is the size of a Fortune 120 company.

• 4Q20:
• Apple said its wearables set a new revenue record
• Apple shipped 55.6 million wearable devices during 4Q20; 36.2 percent market share;
• same market share as 4Q19, but overall device shipments were up from 43.7 million in 4Q19;
• and then this: Apple's competitors don't even come close
• Xiaomi: 13.5 million, in 2nd place; 8.8 percent of the market
• Samsung: 13 million, in 3rd place;
• Huawei: 10.2 million devices
• Apple Watch: shipments rose an estimated -- an eye-watering -- 45.6 percent
• "hearables" (AirPods, AirPods Pro and AirPods Max) surged during the quarter
• Full year 2020:
• 151.4 million wearable devices shipped; 34.1 percent market share;
• Xiaomi: 50.7 million devices
• Huawei: 43.5 million
• Samsung: 40 million

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Back to the Bakken

Active rigs:

$65.39	3/15/2021	03/15/2020	03/15/2019	03/15/2018	03/15/2017
Active Rigs	15	55	65	57	46

No NDIC daily activity report posted today.

No new permits.