Weekly Jobs Report (Click to view)
New Claims: Prior=419K Est=412k Act=383 Lowest level since 07.08
4-wk average: Prior=431.5k Act=415.5
The snowstorm that swept through the Midwest and Northeast in the week may have impacted unemployment filings.
#2) EIA Natural Gas Storage Report
Weekly Change in Inventories; Prior= -189bcf Est= -190bcf Act= -209bcf
Natural gas supplies are down 4.4% from year=ago levels and 2.1% below the 5 year average
3) Treasury Budget;
Level; Prior= -$80.oB Est=-$60.0B Act= -$49.8B
Receipts are up 9.4% so far this year, while spending is up 4.8%
4) Feb '11 OPEC Monthly Oil Market Report
The report includes a very good discussion about the WTI/Brent spread and details the fundamental and financial factors that are driving this spread.
The report includes a very good discussion about the WTI/Brent spread and details the fundamental and financial factors that are driving this spread.
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