Inventories Remain Unchanged, Signaling No Tariff Pressure on the Economy
U.S. Business Inventory and Sales Update Sales dipped slightly, while U.S. business inventory remained unchanged in May, according to Tuesday’s data from the Census Bureau. This suggests that the recent tariff expansions haven’t significantly disrupted the economy, as businesses seem to show no signs of supply chain stress or major precautions. The total inventory across […]
Oil Inventories Decrease as Prices Rise
US Crude Oil Stocks Update The American Petroleum Institute (API) reported a drop in US crude stocks, estimating a decrease to 4.49 million barrels for the week ending May 2nd, which came after analysts had predicted a reduction of 2.5 million barrels. Previously, the API noted an increase of 3.76 million barrels in the prior […]
U.S. Crude Oil, Product Inventories Present A Clean Sweep Of Draws – OilPrice.com
U.S. crude oil inventories fell by 3.4 million barrels in the week to Aug. 23, according to the American Petroleum Institute. Analysts had been expecting a fall of 3 million barrels. API reported that crude oil inventories increased by 347,000 barrels last week. So far this year, crude oil inventories are down 2.642 million barrels, […]
Wholesale Inventories Rose in June, Soothing Recession Worries
U.S. wholesale inventories rose in June, driven by a second consecutive month of strong growth in auto and truck inventories. The Commerce Department said Thursday that wholesale inventories rose 0.2%, in line with economists’ expectations and the government’s preliminary estimate. Inventories increased 0.5% in May. Year-over-year wholesale inventories increased 0.1%. The economy grew at an […]
Home Prices Dip for First Time off Crazy Spike, Price Reductions Surge, Sellers Emerge, House Sales Drop Year-over-Year, Inventories & Supply Keep Rising
Estimated Reading Time: 2 minutes “Normalization” or “deceleration,” as this phenomenon is called, is setting in Prices of existing single-family houses, condos, and co-ops dipped in July, reverting to seasonality for the first time since 2019, amid surging price reductions. Single-family house sales dropped 4.1% in July, from a year ago, the first decline since […]
API Reports Small Builds in Crude, Fuel Inventories – OilPrice.com
U.S. crude oil inventories rose by 509,000 barrels this week for the week ending May 3, according to the American Petroleum Institute (API). Analysts had expected 1.43 million barrels. API reported that crude oil inventories increased by 4.906 million barrels last week. On Tuesday, the Department of Energy (DoE) reported that crude oil inventories in […]
Surprise Build In Crude Oil Inventories Weigh On Prices – OilPrice.com
U.S. crude oil inventories rose by 483,000 barrels this week for the week ending Jan. 12, after analysts had expected 2.4 million barrels, according to the American Petroleum Institute (API). API reported that crude oil inventories decreased by 5.215 billion barrels in the previous week. On Tuesday, the Department of Energy (DoE) reported that crude […]