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Commodity stocks in wholesale warehouses in the US rose 0.6% in July after rising 0.1% in June, the country's Ministry of Trade reported. In annual terms, reserves growth was 5%. Experts expect that enterprises will continue to increase their reserves amid increased domestic demand, which will affect GDP growth in the third quarter. In July, equipment stocks grew by 1.2%, stocks of agricultural products - by 1.4%. At the same time, in July, there was a decrease in car stocks by 1.1% and oil reserves - by 1.7%. Wholesale sales remained at the level of June, when there was a fall of 0.2%. In addition, there was a decline in sales of cars, computer equipment, furniture and professional equipment.
June had seen Japan’s wholesale prices dropping slower than May’s historic decline. This followed as commodity costs advanced and some of the virus-driven deflationary pressure eased on a rebound monitored in Chinese demand. The ...
Oil prices bounced on Thursday as a steep decline in oil inventories outweighed concerns that a surge in new coronavirus cases in the U.S. could stall demand recovery. Brent crude futures rose 0.6%, or 25 cents, at $42.28 per barrel. U.S. ...
Oil futures dropped on Wednesday as the build in U.S. crude inventories exceeded forecasts, raising concerns of oversupply. Brent crude lost 2 cents to $42.61 per barrel, while U.S. West Texas Intermediate crude futures slid 0.1%, or 4 cents, ...
On Thursday, assailed by another record build-up in U.S. crude inventories, oil prices fell. Also contributing to its dip is the projection made by the U.S. Federal Reserve that the world's largest economy would see a shrink of 6.5%. Wednesday's ...
Oil prices dropped on Wednesday after U.S. crude and fuel stocks rose, raising concerns about oversupply and declining demand amid the pandemic. Brent crude futures lost 1.4%, or 59 cents, at $40.59 per barrel. U.S. West Texas Intermediate ...
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