Crude oil stocks rose 7.2 million barrels for week ending 19 March; Gasoline stocks fell for 2.7 million barrels; Distillate stocks decreased 2.4 million barrels; Propane/propylene stocks were flat; Other oils stocks decreased 1.1 million barrels; Total crude oil and petroleum stocks increased 0.4 million barrels. Refinery utilization rose from 80.6% to 81.1%. Crude oil […]

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New home sales fell -0.3% in February to 308.000, consensus was  at 315.000. The disappointing news on U.S. housing continue… Chart 1. New Home Sales

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Durable good orders rose 0.5% in February vs. 1% consensus and 3% rise in January. Transportation taken out the figure was 0.9% vs. -0.6% in January. Chart 1. U.S. Durable Goods Orders Chart 2. U.S. Durable Goods Orders Ex. Transportation

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Well, S&P 500 is moving steadily to 1200. Equity markets are disregarding anything happening in the real world, both positive or negative. VIX, together with historical volatility is flirting with the post Lehman lows. Everything is just fine. It looks nothing will change, but I’m sure it will. Chart 1. S&P 500 Chart 2. VIX

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