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Heating Oil, Propane Residential and Wholesale Price Data
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Crude Oil Fundamental Analysis February 22, 2012, Forecast
Analysis and Recommendations:
Crude Oil is currently $104.67 a barrel on the New York Mercantile Exchange. It traded as high as $105.44 at a nine-month high Tuesday, pushing over $105 a barrel on fears of more supply disruptions from Iran’s latest move and as traders cheered Greece’s second bailout.
The supply concerns took hold after Iran announced Monday it cut off oil sales to the U.K and France. Separately, European authorities agreed on a Greek bailout package earlier Tuesday.
U.S. markets were closed Monday for the Presidents Day holiday, and Tuesday was the first U.S. floor trading day to react to both crucial events for the oil trade.
February 21, 2012 Economic Reports actual v forecast
|
NZD |
Inflation Expectations (QoQ) |
2.5% |
2.8% |
|
|
AUD |
RBA Governor Stevens Speaks | |||
|
JPY |
All Industries Activity Index (MoM) |
1.3% |
1.5% |
-1.0% |
|
CHF |
Trade Balance |
1.55B |
2.50B |
2.01B |
|
GBP |
Public Sector Net Borrowing |
-10.7B |
-9.1B |
11.1B |
|
TRY |
Turkish Interest Rate Decision |
5.75% |
5.75% |
5.75% |
| Core Retail Sales (MoM) |
0.0% |
0.2% |
0.4% |
|
|
CAD |
Retail Sales (MoM) |
-0.2% |
-0.2% |
0.4% |
|
CAD |
Wholesale Sales (MoM) |
0.9% |
0.5% |
-0.3% |
|
USD |
Chicago Fed National Activity |
0.22 |
0.22 |
0.54 |
|
EUR |
Consumer Confidence |
-20 |
-20 |
-21 |
|
USD |
2-Year Note Auction |
0.250% |
||
|
ARS |
Argentinian Unemployment Rate |
7.3% |
7.2% |
Originally posted here
