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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (14846)	11/18/2015 12:11:14 PM
From: Goose94	Read Replies (1) \| Respond to of 204712

Attacks, Weaker Supply Data Fuels Fire in Crude Oil Futures Crude oil futures are still riding the unfortunate wave of overseas violence, buoyed also by Weekly Crude Inventory data, which showed weaker-than-expected supply in the U.S. The December contract in crude oil futures was up 0.81 percent at 41.00 a barrel in Wednesday morning trading after rallying more than a full percentage report after U.S. Energy Information Administration (EIA) data showed a decrease in supply. The EIA said U.S. crude oil supplies increased by 252 thousand barrels in the latest week, while most analysts expected an increase of two million barrels. Provoking the fire, Tuesday’s data from the American Petroleum Institute reported that U.S. crude supplies fell by 482 thousand barrels last week. Travel expectations are also boosting crude oil futures prices. Analysts expect 46.9 million Americans will travel more than 50 miles during the upcoming Thanksgiving holiday, the highest level since 2007. Meanwhile in other U.S. economic data, October Housing Starts dropped 11 percent to 1.06 million units, the lowest level since March, according to the U.S. Commerce Department. September's starts were revised down to a 1.19 million-unit pace from 1.21 million units. Building Permits for the same month increased 4.1 percent to a 1.15 million-unit rate. Single-family building permits rose 2.4 percent last month to their highest level since December 2007. Multi-family building permits increased 6.8 percent. Minutes from the Federal Open Market Committee’s October meeting will be released at 1 p.m. CT. On Thursday, Weekly Jobless Claims and Weekly Natural Gas Inventories are released, as well as the November Philadelphia Fed report and October Leading Indicators report.