Crude oil stocks rose 2.5 million barrels; Other oils stocks rose 1.6 million barrels;  Other category of stocks were mostly unchanged for the week ending May 21. Refinery utilization fell from 87.9% to 87.8%. Crude oil and petroleum product net imports rose to 11 million barrels. All categories of petroleum stocks are still at extremely […]

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New home sales rose 14.8% in April to 504.000, the consensus was  at 425.000, prior reading was at 411.000. The first home-buyer tax credit  program expiration again distorted the reading. Chart 1. New Home Sales Source: Blytic.com

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Durable good orders rose 2.9% In April vs. 1.5% consensus and 1.3% decrease in March. Transportation taken out the figure was a decrease of 1.0% vs. 2.8% rise in March. Chart 1. U.S. Durable Goods Orders Chart 2. U.S. Durable Goods Orders Ex. Transportation

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