Retails and foods services sales slightly increased in November compared with October 2011’s sales, and were also above the sales at November 2010.
The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail and food sales during November 2011.
This report adjusts for seasonal variances and holidays but doesn’t control for price changes. In November, the U.S. retail and food sales reached $399.3 billion, which is higher by 0.2% above the sales in October and 6.7% above November 2010. The gasoline stations sales were 12.9% higher in November 2011 than a year earlier but 0.1% lower than in October 2011. Total sales of gasoline in the past eleven months in 2011 reached $489.773 billion (not adjusted for seasonality) – an increase of 18.4% from the parallel time in 2010. This shows a slower growth rate in the U.S demand for retail and consequently for energy commodities.
The major energy commodities prices are currently traded sharply up, while the major exchange rates such as the Euro US dollar is traded down in the forex exchange rate market.
Current Nymex crude oil price, short term futures (January 2012 delivery) is traded up by 2.07%, as its at $99.79 per barrel as of 16:33*.
Current Dated Brent spot oil price increases by $1.97/b to $108.69 / barrel as of 16:43*.
Euros to US dollar exchange rate is currently traded up at 1.3087 a 0.7653% decrease as of 16:39*.
Current gold price, short term futures (January 2012 delivery) is traded at $1,662.9 per t oz. a $5.3 decrease as of 16:30*.
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