U.S. Crude Oil Inventories Unexpectedly Jump By 3.7 Million Barrels

RTTNews | 406 gün önce
U.S. Crude Oil Inventories Unexpectedly Jump By 3.7 Million Barrels

(RTTNews) - Crude oil inventories in the U.S. unexpectedly saw a significant increase in the week ended June 7th, according to a report released by the Energy Information Administration on Wednesday.

The EIA said crude oil inventories jumped by 3.7 million barrels last week after rising by 1.2 million barrels in the previous week. Economists had expected crude oil inventories to decrease by 1.6 million barrels.

At 459.7 million barrels, U.S. crude oil inventories remain about 4 percent below the five-year average for this time of year, the EIA said.

The report said gasoline inventories also shot up by 2.6 million barrels last week and are just slightly below the five-year average for this time of year.

Distillate fuel inventories, which include heating oil and diesel, also edged up by 0.9 million barrels last week but are about 7 percent below the five-year average for this time of year.

Etiketler: USD
read more
U.S. Existing Home Sales Slump To Nine-Month Low In June

U.S. Existing Home Sales Slump To Nine-Month Low In June

A report released by the National Association of Realtors on Wednesday showed existing home sales in the U.S. pulled back by more than expected in the month of June. NAR said existing home sales slumped by 2.7 percent to an annual rate of 3.93 million in June after jumping by 1.0 percent to a revised rate of 4.04 million in May.
RTTNews | 8s 17 dakika önce
U.S. Leading Economic Index Dips Slightly More Than Expected In June

U.S. Leading Economic Index Dips Slightly More Than Expected In June

A report released by the Conference Board on Monday showed its reading on leading U.S. economic indicators fell by slightly more than expected in the month of June. The Conference Board said its leading economic index declined by 0.3 percent in June following a revised unchanged reading in May.
RTTNews | 2 gün önce
U.S. Consumer Sentiment Reaches Five-Month High In July

U.S. Consumer Sentiment Reaches Five-Month High In July

After reporting a substantial rebound by U.S. consumer sentiment in the previous month, the University of Michigan released a report on Friday showing a more modest improvement by consumer sentiment in the month of July. The University of Michigan said its consumer sentiment index climbed to 61.8 in July after surging to 60.7 in June. Economists had expected the index to rise to 61.5.
RTTNews | 5 gün önce
U.S. Housing Starts Rebound More Than Expected In June

U.S. Housing Starts Rebound More Than Expected In June

New residential construction in the U.S. rebounded by more than expected in the month of June, according to a report released by the Commerce Department on Friday. The Commerce Department said housing starts surged by 4.6 percent to an annual rate of 1.321 million in June after plunging by 9.7 percent to a revised rate of 1.263 million in May.
RTTNews | 5 gün önce
U.S. Business Inventories Remain Unchanged For Second Straight Month

U.S. Business Inventories Remain Unchanged For Second Straight Month

Business inventories in the U.S. remained unchanged for the second consecutive month in May, according to a report released by the Commerce Department on Thursday. The Commerce Department said business inventories were virtually unchanged in May after also coming in flat in April. The unchanged reading matched economist estimates.
RTTNews | 6 gün önce
U.S. Homebuilder Confidence Modestly Improves In July

U.S. Homebuilder Confidence Modestly Improves In July

A report released by the National Association of Home Builders on Thursday showed a modest improvement in homebuilder confidence in the U.S. in the month of July. The report said the NAHB/ Wells Fargo Housing Market Index inched up to 33 in July after slipping to 32 in June. The uptick matched economist estimates.
RTTNews | 6 gün önce
Philly Fed Index Surges To Five-Month High In July

Philly Fed Index Surges To Five-Month High In July

The Federal Reserve Bank of Philadelphia released a report on Thursday showing manufacturing activity in the region unexpectedly expanded overall in the month of July. The Philly Fed said its diffusion index for current general activity surged to a positive 15.9 in July from a negative 4.0 in June, with a positive reading indicating growth.
RTTNews | 6 gün önce