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Us Wholesale Inventories up 0.3 Pct, Below Expectations on depreciated Petroleum Stocks

Total wholesale inventories rose 0.3 pct to a record $480.4 billion on lower petroleum build
Petroleum stocks dropped 5.9 pct in May, the largest decline since May 2010
Automobile inventories climbed 0.4 pct in March after declining 1 pct the prior month.
Sales at wholesalers rose 0.5 pct in March down from 1.1 pct in Feb, missing expectations for a rise of 0.7 pct.
Petroleum sales increased 2.7 percent after rising 4.4 percent in February.
At March's sales pace it will take 1.17 months to clear shelves, unchanged for the sixth straight month.

Published: 2012-05-09 15:16:00 UTC+00

See also: Current support and resistance levels

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May 25 at 7:49 UTC