Global Macro Perspectives
(For The Week Ending August 20, 2010) Working gas in storage rose 40 Bcf from previous week. The price has fallen a lot, given macro-economic data we could see more downside, but I will follow this carefully as I thing great opportunity is developing here. The storage before winter will not be so high as last […]
(For The Week Ending August 20, 2010) Initial jobless claims were reported at 473.000. The consensus was at 495.000, last week revised reading was at 504.000. Chart 1. U.S. Initial Jobless Claims
(For The Week Ending August 20, 2010) Crude oil stocks rose 4.1 million barrels for week ending August 20; Gasoline stocks increased 2.3 million barrels; Distillate stocks rose 1.8 million barrels; Propane/propylene stocks were 1.1 million barrels higher; Other oils stocks were up 2.2 million barrels; Total crude oil and petroleum stocks were 8.9 million […]
From the Press Release: The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.5 percent in July, although June’s reduction was revised from 1.4 percent to 1.6 percent. The latest improvement raised the SA index from 108.3 (2000=100) in June to 110 in July. ATA Chief Economist Bob Costello said that […]