Wednesday, May 23, 2007

Quick Overview

  • Canada's leading indicators was up 0.4%

  • Reuters - Former U.S. Federal Reserve Chairman Alan Greenspan said on Wednesday he feared a "dramatic contraction" in Chinese stocks.

  • The DOE said that:
    Supplies of crude oil were up 2.0 million barrels to 344.2 million barrels.
    Supplies of gasoline were up 1.5 million barrels
    Supplies of heating oil were down 900,000 barrels
    Gasoline demand was up 1.2% YoY
    Distillate demand was up 2.6% YoY.

  • USDA estimated Brazil's coffee crop at 36.2 million bags.

  • More than 60,000 birds have died of an outbreak of bird flu near the capital of Pakistan

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