Good afternoon, its Wednesday May 18th, the 138th day of 2005.
Following somewhat benign Consumer Price Index news1, the dollar has been trading slightly weaker, giving Gold names a second day of rally. China swings back at Sec. Snow’s comments of yesterday, but at the same time initiated a new forex dealing system trading the yuan against a basket of currencies – a move much expected.
Summary of Weekly Petroleum Data for the Week Ending May 13, 2005
U.S. crude oil refinery inputs averaged over 15.5 million barrels per day during the week ending May 13, up 158,000 barrels per day from the previous week’s average. Refineries operated at 94.0 percent of their operable capacity last week. With an increase in refinery inputs, gasoline production increased last week, averaging nearly 9.0 million barrels per day. Distillate fuel production inched slightly higher compared to the previous week, averaging nearly 4.1 million barrels per day.
Awash in oil still, but energy stocks are holding up surprisingly well today, at least so far. That’s interesting!
1 Core consumer prices flat in April
05.05.18 10:27 #