Thursday, July 05, 2007

Quick Overview

  • The Institute of Supply Management's index of U.S. services rose from 59.7 to 60.7

  • The Bank of England increased its interest rate from 5.50% to 5.75%,

  • Retail sales volume was up 0.4% in the Euro zone.

  • The U.S. Department of Energy said that:
  • Supplies of crude oil rose 3.1 million barrels to 354.0 million barrels.
    Supplies of gasoline rose 1.8 million barrels
    Supplies of heating oil rose 300,000 barrels.
    Gasoline demand was up 1.2% YoY
    Distillated demand was up 3.4% YoY.

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