Crude oil turned lower after U.S. supply data

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Source: Marketwatch
Crude oil futures turned lower after U.S. government's report showed oil supplies rose surprisingly last week.  Crude with October contract inched lower 0.21% to $69.93 per barrel. U.S. crude oil stockpiles jumped 2 million barrels in the week ended September 7, beating expectations for a decline of 2.6 million barrels.
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Wed, 12 Sep 2012 16:37:48 GMT

Number of Americans in poverty held steady, while incomes fell

The Census Bureau reported on Wednesday that the amount of Americans who lived in poverty in 2011 was 15% or 46.2 million people, which is an insignificant change from the figure for the preceding year, which was 15.1%. However, the median U.S. income in 2011 declined by 1.5% from the reading in 2010.

Wed, 12 Sep 2012 16:26:49 GMT

Crude inventories grew unexpectedly

Energy Information Administration reported on Wednesday that the amount of crude oil inventories grew by 2.00 million barrels and reached 359.1 million barrels, compared to a 7.42 million barrels decline over the preceding month in the previous week. Analysts, however, expected that crude oil inventories would decline by 2.59 million barrels.

Wed, 12 Sep 2012 16:15:48 GMT

Natural gas pulled back a 5-week high

Futures for natural gas were lower in U.S. morning trading session on Wednesday, as traders were locking gains from a rally which brought prices to a 5-week high. On the NYMEX, October delivery futures for natural gas were traded at USD2.961 a MMBtu, which was a 1.05% fall for the U.S. morning trade. Earlier, prices rose by 1.4%, being traded at USD3.036 per MMBtu.

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