Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.
After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.
Private oil inventory data coming up at the bottom of the hour
WTI struggled again today
Oil was higher early in trading today but eventually succumbed to worries about global demand after the covid case in Auckland and weak US retail sales. It ultimately held up ok, finishing down 51-cents to $66.78.
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