Quick Overview

• (Reuters) - Federal Reserve Chairman Ben Bernanke sounded a cautiously upbeat note on the U.S. economy on Wednesday but warned that corralling government debt was vital to ensuring the nation's long-term health.

• Australia's GDP rose 0.4%.
  
  

• The U.S. Department of Energy said;
  Supplies of crude oil rose 2.9 million barrels to 366.0 million barrels
  Supplies of gasoline fell 200,000 barrels
  Supplies of heating oil fell 200,000 barrels.
  Refinery use rose from 85.1% to 86.3%.
  Gasoline demand fell 0.4% YoY
  Distillate demand fell 8.8% YoY.