Crude Inventories Drop by 6 Million Barrels; WTI Oil Tests The $62.50 Level
Gasoline invention declined by 2.7 million barrels from last week.
Tag: Commodities
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US Jobless Claims Rise; Regional Manufacturing Weakens, Inflation Pressures Build
Manufacturing Outlook Dips becomes negative as order The August Manufacturing Business Outlook survey revealed weak activity in several major indicators. The general activity index fell rapidly from 15.9 to -0.3, and slipped into the negative area at the new order -1.9 -their first sub -reading reading since April. Shipment also fell to 4.5, and the…
EIA Natural Gas Storage Build Of +13 Bcf Misses Estimates
On the EIA report, the traders reacted to the ground with the response.
FOMC Minutes Show Fed Members Expect Higher Inflation
Fed believes that domestic business and consumers mainly tolerate tariff costs.
PPI Surges 0.9% in July, Shaking Fed Rate Cut Hopes and Rattling Bond Markets
Core and Supercore measured flash warning signals The beet headline of inflation was not limited to data. Core PPI, except for food and energy, also increased 0.9%, tripling unanimous expectations. Supercore remedy – which removes food, energy and business – 0.6%, marks the fastest monthly growth in 28 months. These figures indicate a recreation in…
U.S. Retail Sales, Fed Outlook, and Import Costs Paint Mixed Picture for Traders
Import price firm led by fuel and industrial goods US import price index In July, there was an increase of 0.4%, reversing a two -month fall. Fuel import prices led the increase with 2.7%monthly gain – petroleum 2.4%, natural gas up to 4.7%. Nonphine import prices have upgraded 0.3%, which reflect high costs for industrial…
EIA Natural Gas Storage Build Of +56 Bcf Exceeds Estimates
Natural gas prices decreased as traders reacted to the EIA report.
Crude Inventories Rise By 3 Million Barrels; WTI Oil Remains Under Pressure
From last week, gasoline invention declined by 0.8 million barrels.
US CPI Holds Steady as Energy Prices Decline
Energy prices pull back rapidly Energy prices fell by 1.1% in July, which gives relief to headline inflation. Gasoline prices declined by 2.2%, leading to their 9.5% annual decline. Natural gas fell 0.9%, while the electricity decreased by 0.1% in a month, but is 5.5% more year-on-year. Energy weakness compensates for firmness to other CPI…
Crude Inventories Drop By 3 Million Barrels; WTI Oil Tests The $66.00 Level
Gasoline inventions fell by 1.3 million barrels from last week.
Productivity Surges, Jobless Claims Climb: Traders Eye Fed as Labor Costs Ease, Manufacturing Leads
Nonform productivity increases by 2.4% because output profitable labor hours In the second quarter, US Nonform Business Labor Productivity Rose 2.4% quarterly-by-spectacle, operated by an increase of 3.7% in production against an increase of 1.3% in working hours. This productivity acceleration follows the downward decline of 1.8% in the acceleration Q1 and provides rapid signal…
EIA Natural Gas Storage Build Of +7 Bcf Misses Estimates
Traders reacted to the EIA report, natural gas acquired land.
ISM Services PMI Drops To 50.1; SP500 Tests Session Lows
Subscribe to information Scan QR Code to install the app Significant disconnectionThe materials provided on the website include general news and publication, our personal analysis and content provided by the third party, which are only for educational and research objectives. It does not form, and should not be read as any recommendation or advice to…
U.S. Personal Income and Spending Tick Higher in June, Keeping Pressure on Fed Outlook
Balanced development expenses in goods and services Consumer spending increased by 0.3% in June, which increased in the month of $ 69.9 billion months. Of that, $ 40.1 billion came at high cost on services, while goods spent contributed $ 29.9 billion. The figures reflect wide-based strength in consumption, in which both the discretionary and…
U.S. Job Growth Misses Expectations as Revisions Signal Labor Market Weakness
Federal reserve rate cut has increased after reports Data and deep amendments of weak-to-intake jobs have ruled the expectations to make the Federal Reserve Policy easier. Fed Fund futures now increased by 63% of the rate of rate cut in September, increasing by 40% a day before. The markets reacted rapidly: Stock index futures slipped…