Yesterday we saw crude bid up in the morning more than stock futures as fears over Tropical Storm Isaac sent the commodity higher. The projected track was, and remains, up through New Orleans and along the Mississippi river valley:
Hopefully this will give some relief to the drought-ravaged midwest but it is doubtful that it can help the crop so late in the season.
In other news, Spain's GDP fell .4% after falling .3% the previous quarter. In this report it was revealed that consumer spending fell 1% and investment fell 3%.
Tue, August 28, 2012
by David Boland