- Wednesday, 21 June 2017
- News
Crude Oil Inventories fell second week in a row
Oil prices added to earlier gains Wednesday after data from the U.S. Energy Information Administration showed that domestic crude supplies fell by 2.5 million barrels for the week ended June 16. Analysts surveyed by S&P Global Platts expected a decline of 2 million barrels, while the American Petroleum Institute late Tuesday reported a fall of 2.7 million barrels, according to sources.
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- Wednesday, 21 June 2017
- News
Existing Home Sales rose 1.1%
Total existing-home sales climbed 1.1 percent to a seasonally adjusted annual rate of 5.62 million in May from a downwardly revised 5.56 million in April. Last month's sales pace is 2.7 percent above a year ago and is the third highest over the past year. Lawrence Yun, NAR chief economist, says sales activity expanded in May as more buyers overcame the increasingly challenging market conditions prevalent in many areas.
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- Tuesday, 20 June 2017
- News
US Current Account deficit increased to $116.8 billion
The U.S. current-account deficit increased to $116.8 billion (preliminary) in the first quarter of 2017 from $114.0 billion (revised) in the fourth quarter of 2016, according to statisticsreleased by the Bureau of Economic Analysis (BEA). The deficit increased to 2.5 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the fourth quarter.
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- Friday, 16 June 2017
- News
US Housing Starts dropped in May
Residential starts decreased 5.5% to a 1.09m annualized rate (est. 1.22m), the weakest since September. Starts in April were revised down to 1.16m, while March figures were also weaker than last reported. Permits, a proxy for future construction, fell 4.9% to a 1.17m rate, the lowest since April 2016. May starts were pushed lower by declining construction in South, which reached the weakest level since October 2015, and in the Midwest. Construction of single-family properties dropped 3.9 percent to the lowest since September, while ground-breaking on multifamily units declined for a fifth straight month.
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