The ISM Services Index is scheduled for release today at 10:00 AM EST, and is expected to increase to 55.5 in December after increasing to 55 in November and 54.3 in October. The index’s complement, the ISM Manufacturing Index increased to 57 on last Monday’s release after decreasing to 56.6 in November.
 
Crude inventories are expected today at 10:30 AM EST. For the week ending December 24, U.S. commercial crude oil inventories had decreased by 1.3 million barrels from the previous week to 339.4 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged 14.9 million barrels per day during this period, 3 thousand barrels per day above the previous week’s average. U.S. crude oil imports were averaging 8.8 million barrels per day, up by 72 thousand barrels per day from the previous week.
 
Upcoming Releases

ISM Services Index (01/05 at 10:00 AM EST)
Crude Inventories (01/05 at 10:30 AM EST)
Initial Claims (01/06 at 8:30 AM EST)
Unemployment Rate (01/07 at 8:30 AM EST)

 
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