CL Redux
- Thread starter schizo
- Start date
On a side note, while some of the price action was fuzzy today for me (particularly in the morning), I do appreciate that the activity was pretty consistent throughout the day. No 2 hours of watching grass grow like we sometimes see. The 60m chart volume says it all, compared to "normal" days where it's quite choppy.
July 21, 2011, 9:31 a.m. EDT
IEA not planning additional oil release
WASHINGTON (MarketWatch) -- The International Energy Agency said it's not planning a further oil release after last month's release of 60 million barrels of oil in response to Libyan disruption, though it stands ready to do more if market conditions warrant. The IEA said the release "largely achieved" its aims. "The provision of extra supplies of crude, notably light-sweet crude from the U.S. Strategic Petroleum Reserve, and products has had a number of beneficial impacts in the market," the IEA said, citing narrowed sweet-sour crude differentials, diminished tightness in prompt supply for light sweet crudes, and improved refining margins. The IEA also noted a "sharp" rise in OPEC oil production.
BTW We've hit CL Redux page 4000! Let's Party!!!
IEA not planning additional oil release
WASHINGTON (MarketWatch) -- The International Energy Agency said it's not planning a further oil release after last month's release of 60 million barrels of oil in response to Libyan disruption, though it stands ready to do more if market conditions warrant. The IEA said the release "largely achieved" its aims. "The provision of extra supplies of crude, notably light-sweet crude from the U.S. Strategic Petroleum Reserve, and products has had a number of beneficial impacts in the market," the IEA said, citing narrowed sweet-sour crude differentials, diminished tightness in prompt supply for light sweet crudes, and improved refining margins. The IEA also noted a "sharp" rise in OPEC oil production.
BTW We've hit CL Redux page 4000! Let's Party!!!
Philly Fed and Leading Indicators at the top of the hour.
http://www.briefing.com/investor/calendars/economic/2011/07/18-22/
http://www.briefing.com/investor/calendars/economic/2011/07/18-22/
July 21, 2011, 9:43 a.m. EDT
Gold and oil trade higher on euro zone's debt plan
SAN FRANCISCO (MarketWatch) -- Gold and crude-oil futures traded higher on Thursday, buoyed by a agreement in Europe for a plan to deal with the region's sovereign-debt crisis. Crude for September delivery (NMN:CL1U) , the new front-month contract, added 22 cents, or 0.2%, to $98.61 a barrel on the New York Mercantile Exchange. Gold for August delivery (CNS:GC1Q) added $3.70, or 0.2%, to $1,601 an ounce on the Comex division of the Nymex.
Gold and oil trade higher on euro zone's debt plan
SAN FRANCISCO (MarketWatch) -- Gold and crude-oil futures traded higher on Thursday, buoyed by a agreement in Europe for a plan to deal with the region's sovereign-debt crisis. Crude for September delivery (NMN:CL1U) , the new front-month contract, added 22 cents, or 0.2%, to $98.61 a barrel on the New York Mercantile Exchange. Gold for August delivery (CNS:GC1Q) added $3.70, or 0.2%, to $1,601 an ounce on the Comex division of the Nymex.
# 10:00a
July Philly Fed index above consensus -2.7
# 10:01a
July Philly Fed new orders 0.1 vs. -7.6 in June
July 21, 2011, 10:05 a.m. EDT
Factory activity rebounds in Philadelphia region
WASHINGTON (MarketWatch)-- Manufacturing activity rebounded in the Philadelphia region in July, the Philadelphia Federal Reserve reported Thursday. The bank's business condition index rose to 3.3 in July from negative 7.7 in June. The size of the increase surprised analysts. Economists polled by MarketWatch expected the index to move up only slightly to negative 2.7. The index for new orders rose to 0.1 in July from negative 7.6 in June. The index for number of employees increased to 8.9 in July from 4.1 in the prior month. The prices paid index edged down to 25.1 in July from 26.8 in June.
July Philly Fed index above consensus -2.7
# 10:01a
July Philly Fed new orders 0.1 vs. -7.6 in June
July 21, 2011, 10:05 a.m. EDT
Factory activity rebounds in Philadelphia region
WASHINGTON (MarketWatch)-- Manufacturing activity rebounded in the Philadelphia region in July, the Philadelphia Federal Reserve reported Thursday. The bank's business condition index rose to 3.3 in July from negative 7.7 in June. The size of the increase surprised analysts. Economists polled by MarketWatch expected the index to move up only slightly to negative 2.7. The index for new orders rose to 0.1 in July from negative 7.6 in June. The index for number of employees increased to 8.9 in July from 4.1 in the prior month. The prices paid index edged down to 25.1 in July from 26.8 in June.