New Home Sales for January are expected today at 10:00 AM EST to increase to a 355,000 annual pace, following a decrease of 7.6% in December to an annual pace of 342,000 homes with a median sales price of $221,300 and an average sales price of $290,600.

Crude inventories are expected today at 10:30 AM EST. For the week ending February 12, U.S. commercial crude oil inventories had increased by 3.1 million barrels from the previous week to 334.5 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged 13.8 million barrels per day during this period, 182 thousand barrels per day below the previous week’s average. U.S. crude oil imports were averaging 8.5 million barrels per day, up 206 thousand barrels per day from the previous week.

Upcoming Releases

New Home Sales (02/24 at 10:00 AM EST)
Crude Inventories (02/24 at 10:30 AM EST)
Initial Claims (02/25 at 8:30 AM EST) 
Durable Orders (02/25 at 8:30 AM EST

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