Quick Overview

• U.S. orders for durable goods rose 3.3% in August, more than analysts had expected, the Commerce Department said Wednesday.
  
  
  

• Starting Thursday, Minnesota will become the first state to require that all diesel fuel contain 2% biodiesel made from soybeans in its mix, the St. Paul Pioneer Press newspaper reported.
  
  

• California's housing market is overvalued by up to 45 percent and at a "tipping point" that will end its red-hot growth cycle, the UCLA Anderson Forecast projected on Wednesday.
  

• The DOE said today that as much as 15 percent of U.S. refinery capacity could be out for another couple of weeks or more. Today's inventory report showed that last week refineries were operating at 86.7% of capacity.
  

• The U.S. Minerals Management Service said that 100% of oil production and 80% of natural gas production in the Gulf of Mexico remains closed.
  
  

• The U.S. Department of Energy (DOE) said that:
  Crude oil supplies were down 2.4 million barrels last week to 305.7 million barrels.
  Unleaded gasoline supplies were up 4.4 million barrels
  Heating oil supplies were down 2.5 million barrels.
  
  

• YoY the GDP in the U.K. increased 1.5% in the second quarter.