Crude inventories increased by 2.0 million barrels, for the week ending June 18, from the previous week to 365.1 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged 15.2 million barrels per day during this period, 77 thousand barrels per day above the previous week’s average. U.S. crude oil imports were averaging 10.1 million barrels per day, up 413 thousand barrels per day from the previous week.
New Home Sales for May decreased by 32.7% to a 300,000 annual pace, following a 446,000 pace in April, revised downwards from 504,000. Over the year New Home Sales are down 18.3% from 367,000 in May of 2009. The median sales price was $200,900 and the average sales price was $263,400. The estimate of new houses for sale at the end of May was 213,000, representing a supply of 8.5 months at the current sales rate.
Upcoming Releases
Initial Claims (06/24 at 8:30 AM EST)
Durable Orders (06/24 at 8:30 AM EST)
GDP Q1 Final (06/25 at 8:30 AM EST)
Personal Consumption Expenditures (06/28 at 8:30 AM EST)
Durable Orders (06/24 at 8:30 AM EST)
GDP Q1 Final (06/25 at 8:30 AM EST)
Personal Consumption Expenditures (06/28 at 8:30 AM EST)
