Economic Events: (GMT)
WEEKLY
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This Week in Petroleum
Release Schedule: Wednesday @ 1:00 p.m. EST (schedule) -
Gasoline and Diesel Fuel Update
Release Schedule: Monday between 4:00 and 5:00 p.m. EST (schedule) -
Weekly Petroleum Status Report
Release Schedule: The wpsrsummary.pdf, overview.pdf, and Tables 1-14 in CSV and XLS formats, are released to the Web site after 10:30 a.m. (Eastern Time) on Wednesday. All other PDF and HTML files are released to the Web site after 1:00 p.m. (Eastern Time) on Wednesday. Appendix D is produced during the winter heating season, which extends from October through March of each year. For some weeks which include holidays, releases are delayed by one day. (schedule) -
Heating Oil & Propane Update (October-March)
Heating Oil, Propane Residential and Wholesale Price Data
Release Schedule: Wednesday at 1:00 p.m. EST -
Weekly Coal Production
Release Schedule: Thursday by 5:00 p.m. EST -
Weekly NYMEX Coal Futures
Release Schedule: Monday by 5:00 p.m. EST -
Coal News & Markets
Release Schedule: Monday by 5:00 p.m. EST -
Natural Gas Weekly Update
Release Schedule: Thursday between 2:00 and 2:30 p.m. (Eastern Time) -
Weekly Natural Gas Storage Report
Release Schedule: Thursday at 10:30 (Eastern Time) (schedule)
Analysis and Recommendations:
Crude Oil is currently trading at 98.31 down from the high of 99.47. Crude fell after inventory reports showed that supplies had increased by 4.2 million barrels. Crude is expected to continue falling slowly and will find support at 97.14.
US commercial crude oil inventories increased by 4.2 million barrels to 338.9 million barrels in the week ending 27 January. The US Energy Information Administration says crude oil inventories are in the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 3.0 million barrels last week and are in the upper limit of the average range.
Employment in the U.S. nonfarm private business sector increased by 170,000 from December to January on a seasonally adjusted basis. The estimated advance in employment from November to December was revised down to 292,000 from the initially reported 325,000. Employment in the private, service-providing sector rose 152,000 in January
The US ISM manufacturing index was slightly lower than expected, rising to 54.1 from 53.1. The details were stronger with the new orders index rising again to the highest level since April last year and the export orders index rising for the third month in a row
Today’s Economic Reports Results
GBP Nationwide HPI (MoM) -0.2% -0.1% -0.2% Unexpected Drop
CHF Retail Sales (YoY) 0.6% 1.6% 1.8% Unexpected Drop
CHF SVME PMI 47.3 51.8 49.1 Unexpected Drop
EUR French Manufacturing PMI 48.5 48.5 48.5
EUR German Manufacturing PMI 51.0 50.9 50.9 Above Forecast
EUR Manufacturing PMI 48.8 48.7 48.7 Above Forecast
GBP Manufacturing PMI 52.1 50.1 49.7 Above Forecast
EUR CPI (YoY) 2.7% 2.7% 2.7%
Originally posted here
