Existing us home sales falling. We are all in the green. 4 . P 500 up oil is also moving higher for the second day in a row. Lets go into my bloomberg terminal. Energy is the biggest gainer up by 1. 75 . And part of the trend has to do with energy. But are not 100 correlated they do move in tandem lately. Ramy they have been moving quite closely. The fall in oil has had a knock on effect. Nymex crude is pretty much at session highs. It looks like traders are looking ahead to tomorrow when the eia releases its latest inventory report. Inventoriesting likely rose one Million Barrels last week. Morgan stanley said, not so fast, a rebalancing might not happen until 2017. As oil rises, oil stocks are getting a boost. By 1. 3 breaking a threeday fall. And apple is falling today. 13 . Now down bylowered its price target five dollars because of production cuts in apples supply chain. For itsstock is headed worst annual fall since the financial crisis. And caterpillar is up the most since octob
Nymex crude also trading higher and this is what is happening on the big board. The s p 500 is up, the dells biggest gainer up nearly 1 , the nasdaq up by. 4 . Lets look at crude right now. We are seeing its biggest rise in two months. Nymex crude up by 1. 25 . It looks like they are looking forward to tomorrows inventory report. Likely that inventories rose one million bills barrels last week. Morgan stanley has set a rebalancing still may not happen until 2017. David crudest biking. What does that mean gasoline . Is down foras, it the second day in a row. To 2 , just off its session lows. That fall has obviously pulled down the average price of gas at the pump, and taking a look at how that has happened, ever january 2000 nine, you can see it has risen. And we are back down to 23 . You can see the most important fallen belowit has and each licensed driver gets to save 550. A huge number there. Before i send it back to you, david that may pair some losses if they are also invested in
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