The U.S Labor Department released the Initial Claims for State Unemployment benefits report, Kevin has the details, digs into the details and offers his insights. The U.S. Bureau of Labor Statistics released the February Producer Price Index, Kevin analyzes the details and provides some clarity. Oil reacts to world-wide macroeconomic (economy as a whole) concerns, including the risk of tariff wars affecting global demand for goods, the International Energy Agency report on 2025 oil supply and demand and indications that Russian President Putin agreed with U.S. proposals for a ceasefire leading to an end of the war with Ukraine.