Thursday, May 29, 2008

Quick Overview

  • U.S. GDP rose 0.9% in the first quarter and up 2.5% YoY

  • U.S. jobless claims rose 4,000 last week to 372,000

  • Australia’s leading indicators fell 0.4% in March

  • Germany's unemployment rate improved from 8.0% to 7.8% in May, the lowest in over 15 years.


  • The U.S. Department of Energy said:
    Supplies of crude oil fell 8.8 million barrels to 311.6 million barrels.
    Supplies of gasoline fell 3.2 million barrels.
    Supplies of heating oil rose 600,000 barrels.
    Refinery use remained at 87.9% of capacity.
    Gasoline demand fell 0.4% YoY.
    Distillate demand rose 1.2% YoY.
    Underground supplies of natural gas rose 87 billion cubic feet last week to 1.701 trillion. Supplies are down 16% YoY.

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