Quick Overview

• Confidence in Germany fell from 8.5 to 7.6 in August, weaker than expected.
  
  

• The U.S. DOE said that:
  Supplies of crude oil were down 3.5 million barrels to 333.6 million barrels.
  Supplies of gasoline were down 3.6 million barrels.
  Supplies of heating oil were up 600,000 barrels.
  Refinery use fell from 91.6% to 90.3%.
  Gasoline demand was up 0.5% YoY
  Distillate demand was up 0.7% YoY.
  

• Wheat prices rose 20.24 cents because of continued concerns for tightness ahead, ideas the spring wheat harvest pressures are winding down, that end users are caught without coverage, and some concerns for dryness in Australia.