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Daily Oil Market Summary: April 21

Tyler Durden's picture
Submitted by Tyler Durden on 04/21/2010 19:29 -0400



 

Courtesy of www.Fmxconnect.com

 

 
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Wed, 04/21/2010 - 20:25 | 311714 parallaxview
parallaxview's picture

so he is bullish or bearish? what should be discussed is how the API is so goddamned different form the DOE every week.

Wed, 04/21/2010 - 20:41 | 311739 FrankIvy
FrankIvy's picture

There's nothing to discuss.

The DOE numbers are rigged.  Simple as that.

The DOE knows that it won't be able to check price gains if weekly reports start showing a decline.  Expect numbers to diverge further in the future.

Chocolate rations have been increased to 12 ounces a day comrades.

Thu, 04/22/2010 - 10:55 | 312726 JW n FL
JW n FL's picture

 

 

Wholesale Prices Remain Benign in March


The Producer Price Index rose 0.7 percent in March, driven by an increase in food and energy prices. Core PPI rose 0.1 percent. Wholesale price increases further back in pipeline will likely squeeze profit margins.


 


 

 

Headline Pushed Higher by Energy and Food Prices

  • The PPI for total finished goods rose 0.7 percent in March, fueled by an increase in food and gasoline prices. Food prices rose 2.4 percent, pushed higher by the price of fresh and dry vegetables. Gasoline prices rose 2.1 percent.
  • Capital equipment prices were flat with light truck prices declining 0.9 percent on the month. Prices for passenger cars were down 1.1 percent on the month.

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      http://mediaserver.fxstreet.com/Reports/0aa2211d-5e3f-46c7-8f4d-d7176309e871/3d5db2f1-f0ad-4df7-989e-ff86f41f2b6f.pdf

       

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