Wednesday, June 11, 2008

Quick Overview

  • Japan's GDP rose 1.0% QoQ and 1.6% YoY
    Japan’s producer prices rose 4.7% YoY.

  • U.K.'s unemployment rate rose 0.1% MoM.

  • Canada’s industrial capacity fell 81.8% to 79.8%

  • India raised interest rates from 7.75% to 8.00%.

  • Corn and Wheat are limit up on more storms in the Midwest.

  • The U.S. DOE said
    Supplies of crude oil supplies fell 4.6 million barrels to 302.2 million barrels.
    Supplies of gasoline rose 1.0 million barrels
    Supplies of heating oil rose 600,000 barrels.
    Refinery use fell from 89.7% to 88.6% last week.
    Over the past four weeks, gasoline demand was down 1.3% YoY
    Distillate demand rose 0.7% YoY.

  • BP Plc said in its annual Statistical Review of World Energy that Crude oil production fell 0.2 percent to 81.533 million barrels a day last year, from 81.659 million barrels a day in 2006.
    Global oil consumption rose 1.1 percent to 85.22 million barrels a day last year.
    China, the world's second-largest consumer, demand rose 4.1 percent to 7.855 million barrels a day.
    U.S. consumption fell 0.1 percent to 20.698 million barrels a day.
    Proved reserves were 1,237.9 billion barrels at the end of last year, compared with a revised total of 1,239.5 billion barrels for 2006.

  • (Bloomberg) -- India, the world's second-biggest sugar maker after Brazil, may resume imports of the sweetener after four years as farmers plant less sugar cane because of declining prices.

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