U.S. Natural Gas Weekly – 15 April 2010
Working gas in storage rose 87 Bcf from previous week. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
Global Macro Perspectives
Working gas in storage rose 87 Bcf from previous week. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
U.S. industrial production rose 0.1% in March. The consensus was at 0.8%, February reading at 0.1%. Capacity utilization rose from 72.7% in February to 73.2%; the consensus was at 73.4%. Chart 1. U.S. Industrial Production and Capacity Utilization
Initial jobless claims were reported at 484.000. The consensus was at 440.000, last week reading was at 460.000. Additional work is needed on estimates…. Chart 1. U.S. Initial Jobless Claims
Crude oil stocks fell 2.2 million barrels for week ending 9 April; Gasoline stocks decreased for 1.0 million barrels; Distillate stocks rose 1.1 million barrels; Propane/propylene stocks increased 1.1 million barrels; Other oils stocks rose 0.2 million barrels; Total crude oil and petroleum stocks were 0.3 million barrels lower than the week before. Refinery utilization […]
Consumer price inflation for March was reported at 0.2%, right at the consensus. The prior reading was 0%. The core inflation was at 0%, vs. prior reading and consensus at 0.1%. No inflation, nor any hint of it. Chart 1. Consumer Price Inflation
MBA mortgage applications fell 9.6% for week ending 9 April, the week before reading was at -11%. The increase came probably due to FHA increasing mortgage insurance premiums. Bad data readings for housing continue. Chart 1. MBA Mortgage Applications