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Heating Oil, Propane Residential and Wholesale Price Data
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Release Schedule: Thursday at 10:30 (Eastern Time) (schedule)
Crude Oil Fundamental Analysis February 20, 2012, Forecast
Analysis and Recommendations:
Crude Oil continues to climb now trading at 103.66 up almost 1%.
EIA reported that U.S. crude oil inventories fell by 0.2 million barrels in the week ended February 10, missing projections for a 1.7 million barrel increase. U.S. crude supplies rose by 0.3 million barrels in the preceding week.
Total U.S. crude oil inventories stood at 339.1 million barrels as of last week, remaining in the upper limit of the average range for this time of year.
Crude-oil rose to their highest levels since May as geopolitical tensions involving Iran keep a fear premium in the markets and traders grow optimistic that Greek saga is closer to an end.
Crude Oil is currently trading
Friday February 17, 2012 Economic Reports actual v. forecast
|
SGD |
Singaporean Trade Balance |
1.26B |
7.61B |
|
|
EUR |
German PPI (MoM) |
0.6% |
0.2% |
-0.4% |
|
EUR |
Current Account |
2.0B |
2.3B |
-0.9B |
|
GBP |
Retail Sales (MoM) |
0.9% |
-0.2% |
0.6% |
|
BRL |
Brazilian Unemployment Rate |
5.5% |
5.4% |
4.7% |
|
Core CPI (MoM) |
0.2% |
0.1% |
-0.5% |
|
|
CAD |
CPI (MoM) |
0.4% |
0.3% |
-0.6% |
|
USD |
Core CPI (MoM) |
0.2% |
0.3% |
0.1% |
|
USD |
CPI (MoM) |
0.2% |
0.3% |
0.0% |
|
CAD |
Leading Indicators (MoM) |
0.7% |
0.6% |
0.7% |
Originally posted here
