King Obama: The Fall
- Thread starter gwb-trading
- Start date
I am sorry for lowering myself to the" tactics" of braincell, also. Although he has no business making fun of people of a different segment than himself, if he can't take the heat.
Too stupid to answer the question eh?
So you're referring to the job number thread? How can it be "early to pop the cork" when the numbers were released by the BLS officially? Isn't it the BLS that should be questioned when numbers magically recover the next month?
Many have said it - the BLS uses more of a "goal seek" model than any mathematical algorithm.
Even with revisions, the LFPR was still at a 30 year low.
EIA Petroleum Status Report
"Commercial oil inventories inched 0.2 million barrels higher in the May 3 week to a new record of 395.5 million barrels as a rise in domestic oil output helped offset both a slowing in oil imports and a rise in refinery inputs. At 87.0 percent, refineries operated at the highest rate of capacity since early January. But the increase in output was centered entirely in distillates, where inventories rose 1.8 million barrels, and not in gasoline where output slowed slightly and where inventories fell slightly, by 0.9 million barrels. Indications on final demand from the wholesale sector point to continued softness for gasoline, where wholesale supplies are down 2.4 percent year-on-year, and increasing softness for distillates where supplies are down 5.1 percent which is the weakest rate since late January. The rise in oil inventories together with the indications of soft demand are not positives for oil which is down 50 cents to test $96 in early reaction to today's report."
<img src="http://bloomberg.econoday.com/showimage.asp?imageid=24492">
http://www.bloomberg.com/markets/economic-calendar/
"Commercial oil inventories inched 0.2 million barrels higher in the May 3 week to a new record of 395.5 million barrels as a rise in domestic oil output helped offset both a slowing in oil imports and a rise in refinery inputs. At 87.0 percent, refineries operated at the highest rate of capacity since early January. But the increase in output was centered entirely in distillates, where inventories rose 1.8 million barrels, and not in gasoline where output slowed slightly and where inventories fell slightly, by 0.9 million barrels. Indications on final demand from the wholesale sector point to continued softness for gasoline, where wholesale supplies are down 2.4 percent year-on-year, and increasing softness for distillates where supplies are down 5.1 percent which is the weakest rate since late January. The rise in oil inventories together with the indications of soft demand are not positives for oil which is down 50 cents to test $96 in early reaction to today's report."
<img src="http://bloomberg.econoday.com/showimage.asp?imageid=24492">
http://www.bloomberg.com/markets/economic-calendar/