US EIA Heating Oil Stocks Change (Jan/16) 0.279 (Prev. -0.745)
The latest EIA report indicates a significant increase in heating oil stocks, moving from a previous decline to a modest gain.
Bank of America (BAC) and Citigroup (C) weigh new credit cards with 10% rate, Bloomberg reports
US 30-yr fixed rate mortgage averages 6.09% in Jan 22 week vs 6.06% prior week
US EIA Heating Oil Stocks Change (Jan/16) 0.279 (Prev. -0.745)
Copper production at a Capstone Copper Corp. mine in northern Chile has halted amid a nearly three-week labour strike, Bloomberg reports
Atlanta Fed GDPnow (Q4): 5.4% (prev. 5.4%)
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This shift could reflect changing seasonal demand dynamics or market adjustments in supply, possibly impacting oil prices. Traders should watch for broader implications on WTI and other energy commodities as market participants assess the effects on future demand forecasts.
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