Quick Overview

• The U.S. Fed cut the federal funds rate from 1.50% to 1.00%, and the discount rate from 1.75% to 1.25%.
  
  

• U.S. durable goods orders rose 0.8% in September. Excluding transportation orders fell 1.1%.
  
  
  
  

• The U.S. Department of Energy said:
  Supplies of crude oil rose 500,000 barrels
  Supplies of gasoline fell 1.5 million barrels
  Supplies of heating oil rose 400,000 barrels.
  Refinery use increased last week from 84.8% to 85.3% of capacity.
  Gasoline demand fell 3.4%YoY
  Distillate demand fell 5.2% YoY.