US gasoline inventories are expected to decline by 50,000 barrels

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Source: Marketwatch

US gasoline stocks are likely to fall by 50,000 barrels. However, experts surveyed by Dow Jones Newswires have had different opinions as forecasts ranges from 3 million barrels fall to 1 million barrel increase. Traders await EIA report on the gasoline inventories due today.

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Thu, 29 Dec 2011 09:37:21 GMT

Crude oil futures rise on the dollar rush

Crude oil futures appreciated as investors mostly sold their oil holdings to get profits and reinvest them in the USD purchases amid fresh concerns over the Euro Zone's debt crisis. Light, sweet crude oil futures for February delivery traded at USD99.39 a barrel during the morning Asian trade, on the New York Mercantile Exchange, adding 0.03%.

Thu, 29 Dec 2011 09:35:19 GMT

Holiday retail sales in US up compared to last year

Retail sales experienced substantial gains during Christmas holidays helped by warm weather and Christmas evening falling on a Saturday. Turnover in the last week surged 14.8% on a yearly basis, said ShopperTrak. On December 26 volume of sales expanded by 25.5% reaching $7.1 bn, added shopping mall traffic observer. Additional reason for good sales figures are said to be heavily advertising campaigns through the year. 

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