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This Week in Petroleum
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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) - Release Schedule: Thursday between 2:00 and 2:30 p.m. (Eastern Time)
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Weekly Natural Gas Storage Report
Release Schedule: Thursday at 10:30 (Eastern Time) (schedule)
09:30 GBP Retail Sales (MoM) -0.2% 0.6%
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
13:30 USD Core CPI (MoM) 0.3% 0.1%
13:30 USD CPI (MoM) 0.3% 0.0%
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
Crude Oil Fundamental Analysis February 17, 2012, Forecast
Analysis and Recommendations:
Crude Oil ended at a six-week high, buoyed by positive U.S. macroeconomic data, a lower dollar, and rising stocks. Ongoing concerns about supply disruptions also offered support. Crude gained 51 cents, or 0.5%, to settle at $102.31. That was oil’s highest settlement since early January.
Data out in the US showed that the number of U.S. workers making new applications for unemployment benefits fell last week to the lowest level in nearly four years.
The government reporting initial claims for unemployment benefits fell by 13,000 to a seasonally adjusted 348,000 last week, the lowest since March 2008.
Other reports had housing starts up 1.5% last month, while wholesale prices climbing 0.1% in January.
Continued uncertainty over a Greek bailout ahead of a March 20 bond repayment sent European equities lower and dented overall risk sentiment until late in the day when a rumor surfaced about an old bond new bond exchange by the ECB. No confirmations, just rumor
Originally posted here
