Oil dropped to an eight-month low after the Energy Department reported that U.S. crude inventories climbed to the highest level in 22 years.
WHAT TO WATCH (ALL TIMES NEW YORK) 4:00 a.m. LME Stockpiles 8:30 a.m. USDA Net Export Sales Cotton, Corn, Soy and Wheat 10:30 a.m. EIA Weekly Natural Gas Inventory Report 1:00 p.m. NYSE Liffe Stockpiles 2:00 p.m. USDA Cattle, Hog Slaughter TOP STORIES Oil Falls to Eight-Month Low as U.S. Supplies Unexpectedly Climb Gasoline Sinks to Six-Month Low as Demand Slides, Supplies Rise Natural Gas Declines on Outlook for Brief Eastern U.S. Heat Wave Copper Futures Drop in N.Y., Ending Longest Rally in Seven Weeks Gold Slumps Most in Two Weeks After Fed Expands Operation Twist Soybeans, Corn Rise as Dry Weather Increases Midwest Crop Threat Orange-Juice Futures Climb; Sugar Advances; Cocoa, Coffee Drop ON THE FRONT PAGES Baosteel, Hebei Interested in Thyssen’s Brazil Plant, FTD Says Bolivia Signs Decree to Revoke Glencore Mining Lease, ABI Says France May Allow Shell to Resume Guiana Drilling: Tribune Link ECONOMIC DATA (ALL TIMES NEW YORK) 2:00 a.m. Japan May Machine Tool Orders 3:00 a.m. France June PMI Manufacturing and Services 3:30 a.m. German June PMI Manufacturing and Services 4:00 a.m. Euro Zone June PMI Manufacturing and Services 4:30 a.m. U.K. May Retail Sales 8:30 a.m. U.S. Initial Jobless Claims 8:30 a.m. Canadian Retail Sales 8:58 a.m. U.S. Markit Flash Preliminary Manufacturing PMI 9:45 a.m. Bloomberg Consumer Comfort Index 10:00 a.m. U.S. Index of Leading Indicators 10:00 a.m. U.S. Existing Home Sales 10:00 a.m. Philadelphia Fed Business Outlook 10:00 a.m. Euro Zone June Consumer Confidence TV HIGHLIGHTS 7:30 a.m. Former Federal Reserve Chairman Alan Greenspan 8:00 a.m. Former NYSE CEO Richard Grasso 5:00 p.m. Dls Capital Management Analyst David Steinberg on gold MARKETS (4:00 p.m. NY TIME) Last Chg %Chg WTI Crude Oil $81.80 -2.23 -2.65 Gasoline $2.5902 -.0513 -1.94 Natural Gas $2.517 -.028 -1.10 Copper $3.3875 -.046 -1.34 Gold $1,614.80 -7.40 -0.46 Wheat $6.64 +.145 +2.23 U.S. Dollar Index 81.409 +0.023 +0.03 MSCI World Index 311.10 +0.68 +0.22
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