The NAHB U.S. homebuilder sentiment index held at 28, below economists’ expectations for 30.
Where are the missing barrels of oil, asks Barclays Capital.
Oil inventories in the United States rose sharply last week, with demand for oil products such as gasoline at the lowest in 15 years and crude stockpiles at the highest since last September. Americans, pinched in the wallet, are clearly cutting back on fuel use.
Been paying more at the pump lately? Not to worry. It’s just a figment of your imagination, new government data shows.