US retail sales in April released higher than expected

Source: WBP Online
April came with a resurrection of consumer spending shown in just released US retail sales numbers. Total retail sales on monthly basis increased 1.3%, which is the sharpest jump in 13 months, and it surpassed forecast of 0.8% by analysts. Retail sales were boosted by auto dealers and gasoline stations, which saw a second surge in gas prices.
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Fri, 13 May 2016 14:09:12 GMT

New York's trading session starts slightly in the red on Friday

Wall Street started trading slightly lower on Friday, as Apple drove down markets on Thursday. Investors cheered for the strong increase of US April retail sales. Standard & Poor's 500 decreased 0.1% to 2,061.61 points and Dow Jones also lost 0.1% to 17,703.00 points, while NASDAQ joined them and slid down 0.1% to 4,732.00.

Fri, 13 May 2016 13:21:13 GMT

Iran reaches pre-sanction oil output levels in April

After sanctions on Iran were lifted, this crude oil producer ramped up production to regain their market share and now reached pre-sanction levels of November 2011. International Energy Agency reports, that Iranian oil output in April was 3.56 million barrels per day. 2 million of those were exports.

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