Quick Overview

• U.S. jobless claims were down 27,000 to 332,000
  

• YoY German GDP was up 3.5% in the fourth quarter.
  

• The U.S. Energy Department (DOE) said that:
  Supplies of crude oil were up 3.7 million barrels to 327.6 million barrels.
  Supplies of gasoline were down 3.1 million barrels
  Supplies of natural gas were down 223 billion cubic feet to 1.865 trillion cubic feet.
  Supplies of heating oil were down 4.1 million barrels.
  U.S. gasoline demand was up 3.8% from YoY
  U.S. distillate demand was up 9.8% YoY.
  

• The USDA said there were 46.4 million pounds of frozen bellies in storage, down 15% YoY. Frozen pork inventories totaled 486 million pounds, down 8% YoY.
  

• The USDA said that, there were 729 million pounds of frozen orange juice in cold storage, down 32% YoY.