Global Macro Perspectives
Working gas in storage rose 37 Bcf from previous week. Consensus was at 36 Bcf. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
Initial jobless claims were reported at 484.000. The consensus was at 465.000, last week revised reading was at 482.000. Chart 1. U.S. Initial Jobless Claims
Ceridian-UCLA Pulse of Commerce Index climbed 1.7% in July following a 1.9% drop in June. Press release. The index is designed to track diesel fuel consumption in real-time to serve as an industrial production proxy. I’ll monitor to see if it’s useful. Chat 1. Ceridian-UCLA Pulse of Commerce Index
Crude oil stocks fell 3.0 million barrels for week ending August 6; Gasoline stocks rose 0.4 million barrels; Distillate stocks increased 3.5 million barrels; Propane/propylene stocks rose 2.3 million barrels; Other oils stocks fell 2.4 million barrels; Total crude oil and petroleum stocks were 0.1 million barrels higher than the week before. Refinery utilization fell […]