retail sales in US decreased for the second month

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Source: Bloomberg
Change in retail sales sales in US in May matched the expectations and decreased by 0.2% for the second consecutive month. Specialist state that such developments are mainly influenced by decreasing advances in payrolls and 8% unemployment, although decreasing gasoline prices counterweight the effects.
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Wed, 13 Jun 2012 20:02:42 GMT

Oil futures edged higher ahead of supply data

Oil futures rose on Wednesday ahead of U.S. report release regarding weekly data of petroleum supplies. Crude oil for July delivery ticked higher 16 cents, a 0.2 per cent increase, to $83.48 a barrel in trading session of the New York Mercantile Exchange's Comex division.

Wed, 13 Jun 2012 19:40:42 GMT

Crude oil surged on supply data

On Wednesday, futures for crude oil erased losses during the U.S. morning trading session, after a report by the U.S. government showed that oil supplies decreased last week. On the NYMEX, July delivery futures for light sweet crude oil were traded at USD83.73 per barrel, gaining 0.5% since the beginning of the session.

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