GM Blog Stays On Track

Yesterday, General Motors announced its financial results for the first quarter this year, reporting a net loss of $839 million compared to a net profit of $1.2 billion for the same period last year.

OPEC Ups Production as Oil Prices Sit

OPEC announced a kick up in oil production yesterday as oil prices hover around $51 a barrel. The 500,000 bpd increase marks the second increase in two months when OPEC minister met last month and increased production 500,000.