Friday, June 12, 2009

Quick Overview

  • The University of Michigan's consumer confidence index rose from 68.7 to 69.0

  • EU industrial production fell 21.6% YoY.

  • China's retail sales rose 15.2% YoY.

  • YoY India’s Industrial production rose 1.4% in April

  • OPEC expects world oil demand to average 83.8 million barrels per day in 2009, down from last month's estimate of 84.0 mbd.

  • Crude oil stored on offshore tankers fell 16% in the past two weeks to about 67 million barrels.

  • Crude oil exports from Iraq reached 2.4 million barrels per day, their highest level since after the U.S.-led invasion.

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