AMERICAS OIL: NOAA Weather Outlook Still Bearish Through Feb 12

Jan-30 14:09

NOAA Weather Outlook Still Bearish Through Feb 12 

  • The NOAA 6–14-day outlook is predominantly bearish for heating demand, with above-normal temperatures expected from the Southeast to the Southwest while the Upper Northwest and northern New England are below normal. Thus, only parts of PADDs 1 and 5 are likely to see elevated heating demand.

Historical bullets

US TSYS: Post House Price Data React

Dec-31 14:04
  • Treasury futures holding mildly higher levels - little to no reaction to in-line FHFA housing price & slightly higher than expected S&P CoreLogic data.
  • Futures had already pared overnight gains since the top of the hour, the Mar'25 10Y contract currently trades 108-31.5 (+.5), curves off earlier lows: 2s10s +1.041 at 29.924, 5s30s -.316 at 38.559.

MNI:US OCT FHFA HPI SA +0.4% V +0.7% SEP; +4.5% Y/Y

Dec-31 14:00
  • MNI:US OCT FHFA HPI SA +0.4% V +0.7% SEP; +4.5% Y/Y

MNI: US REDBOOK: DEC STORE SALES +5.5% V YR AGO MO

Dec-31 13:55
  • MNI: US REDBOOK: DEC STORE SALES +5.5% V YR AGO MO
  • US REDBOOK: STORE SALES +7.1% WK ENDED DEC 28 V YR AGO WK