U.S. Crude Oil Inventories Extend Recent Surge

RTTNews | 470 dagar sedan
U.S. Crude Oil Inventories Extend Recent Surge

(RTTNews) - Extending the surge seen over the past few weeks, crude oil inventories in the U.S. once again increased more than expected in the week ended April 12th, according to a report released by the Energy Information Administration on Wednesday.

The report said crude oil inventories jumped by 2.7 million barrels last week after spiking by 5.8 million barrels in the previous week. Economists had expected crude oil inventories to rise by 1.6 million barrels.

At 460.0 million barrels, U.S. crude oil inventories are now only approximately 1 percent below the five-year average for this time of year, the EIA said.

Meanwhile, the EIA said gasoline inventories fell by 1.2 million barrels last week are about 4 percent below the five-year average for this time of year.

Distillate fuel inventories, which include heating oil and diesel, also decreased by 2.8 million barrels last week and are about 7 percent below the five-year average for this time of year.

read more
German Unemployment Rises In July

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.
RTTNews | 24 minuter sedan
U.S. Jobless Claims Inch Up Less Than Expected To 218,000

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.
RTTNews | 32 minuter sedan
Bay Street Looks Headed For Positive Start

Bay Street Looks Headed For Positive Start

Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.
RTTNews | 1h 19minuter sedan
Eurozone Jobless Rate Unchanged At 6.2%

Eurozone Jobless Rate Unchanged At 6.2%

The euro area unemployment rate remained stable in June despite slowing economic growth and challenging global trade situation, official data revealed on Thursday. The jobless rate came in at seasonally adjusted 6.2 percent, the same rate as seen in May and down from 6.4 percent in the same period last year, Eurostat said Thursday.
RTTNews | 2h 9minuter sedan
CAC 40 Retreats After Bright Start As Investors React To Earnings

CAC 40 Retreats After Bright Start As Investors React To Earnings

After a fairly bright start, the French market retreated and slipped into negative territory on Thursday, stocks turning in a mixed performance amid a slew of earnings reports. Investors are also digesting the latest batch of economic data from the region, and reacting to the developments on the trade front as well.
RTTNews | 2h 31minuter sedan