U.S. Petroleum Weekly – November 17, 2011
Crude oil supply and demand remain balanced. Crude had a tremendous run and it’s starting to look overextended. Brent WTI price spread narrowed on the reversal of Seaway pipeline.
Archive for November 17th, 2011
Daily Reading – Thursday, November 17, 2011
*** BeyondBRICs: China property: construction blues ***
*** BeyondBRICs: Singapore exports: 16 per cent drop signals poor Christmas for Asian manufacturers ***
*** BeyondBRICs: Fitch: beware Chinese bank debt ***
*** The Slope Of Hope: Triangle Man ***
*** FT Alphaville: The naked derivative exposures of banks to sovereigns ***
*** FT Alphaville: The reversing core-headline CPI gap ***
*** FT Alphaville: Bye, bye WTI-Brent spread disconnect… ***
*** Credit Slips: Is Bank of America Gambling on Resurrection (or Is BoA Holding the US Hostage)? ***
U.S. Housing Starts Down 0.3% In October
U.S. housing starts in September fell 0.3% to 628.000 vs. revised (28.000 lower???) 658.000 September reading. Consensus was at 610.000. On year level U.S. housing starts are up 16.5%.
U.S. Initial Jobless Claims At 388.000; Down 5.000
Initial jobless claims in the U.S. were reported at 388.000 vs. 395.000 consensus and last week revised (up 3.000) reading of 393.000.