Wednesday, June 09, 2010

Quick Overview

  • U.S. wholesale sales rose 0.7% in April

  • U.S. inventories rose 0.4%.

  • US mortgage applications fell 5.7% -- the lowest level in three years.

  • Japan's machinery orders rose 4% in April

  • The U.S. Department of Energy said:
    Supplies of crude oil fell 1.8 million barrels to 361.4 million barrels.
    Supplies of gasoline were unchanged
    Gasoline demand fell 1.0%
    Distillate demand rose 12.1%
    Refinery use was at 89.1% of capacity

  • The manufacturer of BP’s dispersant says that it can’t reveal the dispersants composition, because it is a trade secret —NO KIDDING

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