The Wall.St Journal 21Feb2020

(Grace) #1

THE WALL STREET JOURNAL. Friday, February 21, 2020 |B9


Metal & Petroleum Futures
Contract Open
Open High hi lo Low Settle Chg interest
Copper-High(CMX)-25,000 lbs.; $ per lb.
Feb 2.5945 2.5945 2.5945 2.5950–0.0175 828
May 2.6155 2.6315 2.5860 2.5960–0.0180 111,246
Gold(CMX)-100 troy oz.; $ per troy oz.
Feb 1606.50 1621.00s 1603.00 1616.60 9.10 614
April 1615.00 1626.50s 1606.60 1620.50 8.70 532,692
June 1620.00 1632.00s 1612.60 1626.20 8.70 100,350
Aug 1625.00 1636.50s 1618.20 1631.50 8.80 30,940
Oct 1629.00 1641.10s 1629.00 1636.20 8.80 9,595
Dec 1634.00 1645.50s 1627.70 1640.80 8.60 32,999
Palladium(NYM)- 50 troy oz.; $ per troy oz.
Feb ...... ...2595.80 2.70 ...
March 2608.30 2674.20 2545.60 2573.90 2.70 9,366
April 2569.70 2569.70 2569.70 2572.30 2.70 2
June 2603.80 2668.60 2542.70 2569.90 3.10 9,083
Sept 2613.30 2621.30 2541.60 2558.50 2.00 1,461
Dec 2560.60 2560.60 2537.30 2544.80 2.40 432
Platinum(NYM)-50 troy oz.; $ per troy oz.
Feb ... ... ... 976.20–25.50 15
April 1010.00 1014.00 974.40 979.00–25.50 95,102
Silver(CMX)-5,000 troy oz.; $ per troy oz.
Feb ... ... ... 18.309 0.017 52
March 18.425 18.440 18.205 18.319 0.008 104,191
Crude Oil, Light Sweet(NYM)-1,000 bbls.; $ per bbl.
March 53.50 54.50 53.22 53.78 0.49 18,474
April 53.70 54.66 53.44 53.88 0.39 416,247
May 53.88 54.82 53.68 54.06 0.32 209,376
June 54.01 54.90 53.83 54.13 0.23 219,113
July 54.05 54.86 53.89 54.10 0.15 132,900
Dec 53.51 54.05 53.08 53.32 –0.04 257,799
NY Harbor ULSD(NYM)-42,000 gal.; $ per gal.
March 1.7068 1.7183 1.6873 1.6976–.0092 49,033
April 1.7023 1.7140 1.6826 1.6928–.0093 120,740
Gasoline-NY RBOB(NYM)-42,000 gal.; $ per gal.
March 1.6717 1.6879 1.6544 1.6697 .0064 55,465
April 1.7913 1.8033 1.7711 1.7845 .0026 132,884
Natural Gas(NYM)-10,000 MMBtu.; $ per MMBtu.
March 1.967 2.025 1.907 1.920 –.035 101,721
April 1.973 2.024 1.919 1.931 –.040 454,975
May 2.011 2.060 1.962 1.974 –.034 212,745
July 2.116 2.156 2.078 2.089 –.029 95,309
Sept 2.142 2.179 2.111 2.121 –.027 94,759
Oct 2.174 2.214 2.146 2.157 –.026 100,444


Agriculture Futures
Corn(CBT)-5,000 bu.; cents per bu.
March 380.75 381.25 378.00 378.50 –2.00 310,310
May 385.50 385.75 382.25 382.75 –2.50 528,395
Oats(CBT)-5,000 bu.; cents per bu.
March 304.50 304.50 297.50 298.50 –2.75 2,158
May 302.00 302.75 297.50 299.50 –.75 2,760
Soybeans(CBT)-5,000 bu.; cents per bu.
March 896.50 898.00 891.25 892.75 –4.50 170,963
May 904.50 905.50 899.50 901.00 –4.50 295,212
Soybean Meal(CBT)-100 tons; $ per ton.
March 292.70 293.80 290.80 292.90 –.10 95,611
May 298.10 299.10 296.20 298.30 –.20 197,920
Soybean Oil(CBT)-60,000 lbs.; cents per lb.
March 30.22 30.43 30.04 30.12 –.22 74,759
May 30.59 30.79 30.39 30.47 –.23 192,608
Rough Rice(CBT)-2,000 cwt.; $ per cwt.
March 1342.00 1352.00 1338.00 1343.50 1.00 3,888
May 1364.00 1374.50 1354.00 1365.50 1.00 7,823
Wheat(CBT)-5,000 bu.; cents per bu.
March 565.25 567.50 558.25 560.00 –5.25 81,040
May 562.50 564.75 556.50 559.25 –3.25 195,967
Wheat(KC)-5,000 bu.; cents per bu.
March 479.25 481.50 472.25 473.75 –6.00 40,669
May 486.00 488.50 479.25 481.00 –5.75 126,013
Cattle-Feeder(CME)-50,000 lbs.; cents per lb.
March 140.950 141.325 139.525 140.800 .025 16,726
April 143.125 143.250 141.400 142.525 –.500 14,873
Cattle-Live(CME)-40,000 lbs.; cents per lb.
Feb 121.525 121.525 119.900 120.100–1.200 5,668
April 120.775 120.800 118.975 119.150–1.650 142,695
Hogs-Lean(CME)-40,000 lbs.; cents per lb.
April 66.900 67.250 66.100 66.875 –.700 119,078
June 82.200 82.750 81.400 81.950–1.225 54,604
Lumber(CME)-110,000 bd. ft., $ per 1,000 bd. ft.
March 465.00 468.30s 460.70 463.00 2.70 1,810
May 471.80 477.70s 469.70 472.90 3.70 1,747
Milk(CME)-200,000 lbs., cents per lb.
Feb 16.98 17.02 16.95 16.95 –.02 2,800
March 16.77 16.85 t 16.64 16.66 –.11 3,465
Cocoa(ICE-US)-10 metric tons; $ per ton.
March 2,925 2,925 2,925 2,939 14 701
May 2,847 2,878 2,821 2,860 13 135,253
Coffee(ICE-US)-37,500 lbs.; cents per lb.
March 107.05 107.05 104.00 103.60 –3.20 2,453


COMMODITIES


Futures Contracts Open High hiloContractLow Settle Chg interestOpen


May 108.85 108.85 104.80 104.95 –4.05 112,841
Sugar-World(ICE-US)-112,000 lbs.; cents per lb.
March 15.61 15.66 15.36 15.40 –.18 97,173
May 15.12 15.14 14.88 14.94 –.14 450,934
Sugar-Domestic(ICE-US)-112,000 lbs.; cents per lb.
May 26.95 26.95 26.95 26.95 ... 1,724
Sept 27.55 27.55 27.55 27.55 –.05 2,443
Cotton(ICE-US)-50,000 lbs.; cents per lb.
March 68.40 68.80 67.73 68.75 .27 9,634
May 69.80 69.81 68.88 69.37 –.28 107,905
Orange Juice(ICE-US)-15,000 lbs.; cents per lb.
March 100.60 100.60 97.60 98.45 –1.95 7,375
May 102.40 102.40 99.55 100.30 –1.90 9,585
Interest Rate Futures
Ultra Treasury Bonds(CBT)- $100,000; pts 32nds of 100%
March 193-300 196-020 193-110 195-130 1-19.01,068,775
June 194-170 196-260 194-030 196-050 1-20.0 305,768
Treasury Bonds(CBT)-$100,000; pts 32nds of 100%
March 163-010 164-080 162-200 163-300 31.01,120,430
June 161-310 163-090 161-220 163-000 31.0 215,253
Treasury Notes(CBT)-$100,000; pts 32nds of 100%
March 131-030 131-190 130-300 131-140 11.53,939,663
June 130-305 131-150 130-265 131-105 12.0 386,309
5 Yr. Treasury Notes(CBT)-$100,000; pts 32nds of 100%
March 119-277 120-045 119-250 120-015 6.04,049,928
June 120-075 120-177 120-055 120-147 6.5 742,954
2 Yr. Treasury Notes(CBT)-$200,000; pts 32nds of 100%
March 107-312 108-017 107-302 108-008 2.03,242,941
June 108-046 108-077 108-039 108-068 2.2 666,469
30 Day Federal Funds(CBT)-$5,000,000; 100 - daily avg.
Feb 98.4175 98.4175 98.4150 98.4150–.0025 370,942
April 98.4300 98.4400 98.4250 98.4300 .0000 348,281
10 Yr. Del. Int. Rate Swaps(CBT)-$100,000; pts 32nds of 100%
March 104-205 105-040 104-155 104-295 14.0 97,871
Eurodollar(CME)-$1,000,000; pts of 100%
March 98.3325 98.3525 98.3275 98.3475 .01501,539,280
June 98.4550 98.4950 98.4450 98.4850 .03001,512,715
Sept 98.5350 98.5900 98.5200 98.5700 .03501,239,482
Dec 98.5750 98.6300 98.5550 98.6100 .03501,254,468
Currency Futures
Japanese Yen(CME)-¥12,500,000; $ per 100¥
March .9003 .9010 t .8921 .8935–.0040 219,958
June .9046 .9055 t .8966 .8979–.0041 3,369
Canadian Dollar(CME)-CAD 100,000; $ per CAD
March .7563 .7569 .7536 .7540–.0021 156,762
June .7566 .7569 .7537 .7540–.0021 5,511
British Pound(CME)-£62,500; $ per £
March 1.2929 1.2937 t 1.2857 1.2889–.0040 210,450
June 1.2967 1.2967 t 1.2888 1.2920–.0040 3,538
Swiss Franc(CME)-CHF 125,000; $ per CHF
March 1.0181 1.0204 t 1.0170 1.0178 .0002 54,382
June 1.0253 1.0268 t 1.0235 1.0242 .0002 136
Australian Dollar(CME)-AUD 100,000; $ per AUD
March .6678 .6699 t .6613 .6617–.0059 180,701
June .6691 .6707 t .6626 .6629–.0058 4,137
Mexican Peso(CME)-MXN 500,000; $ per MXN
March .05365 .05371 .05285 .05294–.00073 296,697
June .05278 .05303 .05221 .05229–.00072 3,422
Euro(CME)-€125,000; $ per €
March 1.0822 1.0837 t 1.0793 1.0805–.0009 603,333
June 1.0884 1.0896 t 1.0853 1.0864–.0010 12,111
Index Futures
Mini DJ Industrial Average(CBT)-$5 x index
March 29366 29434 28931 29171 –166 103,579
June 29345 29402 28902 29142 –169 454
S&P 500 Index(CME)-$250 x index
March 3394.90 3396.70s 3340.00 3369.20–18.00 40,402
June 3316.00 3344.00 3316.00 3369.70–18.20 167
Mini S&P 500(CME)-$50 x index
March 3391.75 3397.50s 3339.25 3369.25–18.002,776,245
June 3391.50 3397.75s 3340.00 3369.75–18.25 75,262
Mini S&P Midcap 400(CME)-$100 x index
March 2100.90 2109.10s 2081.30 2105.80 7.80 78,211
June 2047.70 2108.10s 2090.70 2111.80 7.30 59
Mini Nasdaq 100(CME)-$20 x index
March 9744.75 9763.00s 9517.00 9624.25–109.25 205,997
June 9767.25 9782.75s 9538.75 9644.75–109.50 1,871
Mini Russell 2000(CME)-$50 x index
March 1694.60 1698.90 1673.60 1694.40 1.00 484,019
June 1694.70 1699.50 1674.50 1695.70 .90 867
Mini Russell 1000(CME)-$50 x index
March 1877.50 1877.70 1850.50 1868.70 –7.20 7,739
U.S. Dollar Index(ICE-US)-$1,000 x index
March 99.47 99.82s 99.45 99.78 .18 47,744
June 99.18 99.44s 99.18 99.41 .18 1,250

Source: FactSet

WSJ.com/commodities

Cash Prices Thursday, February 20, 2020
These prices reflect buying and selling of a variety of actual or “physical” commodities in the marketplace—
separate from the futures price on an exchange, which reflects what the commodity might be worth in future
months.
Thursday
Energy
Coal,C.Aplc.,12500Btu,1.2SO2-r,w 59.150
Coal,PwdrRvrBsn,8800Btu,0.8SO2-r,w 11.700
Metals
Gold, per troy oz
Engelhard industrial 1616.00
Engelhard fabricated n.a.
Handy & Harman base 1619.00
Handy & Harman fabricated 1797.09
LBMA Gold Price AM *1609.50
LBMA Gold Price PM *1604.20
Krugerrand,wholesale-e 1682.51
Maple Leaf-e 1698.69
American Eagle-e 1698.69
Mexican peso-e 1958.58
Austria crown-e 1588.77
Austria phil-e 1698.69
Silver, troy oz.
Engelhard industrial 18.3500
Engelhard fabricated n.a.
Handy & Harman base 18.4110
Handy & Harman fabricated 23.0140
LBMA spot price *£14.1300
(U.S.$ equivalent) *18.3450
Coins,wholesale $1,000 face-a 13407
Other metals
LBMA Platinum Price PM *1005.0
Platinum,Engelhard industrial 989.0

Thursday
Platinum,Engelhard fabricated n.a.
Palladium,Engelhard industrial 2717.0
Palladium,Engelhard fabricated n.a.
Aluminum, LME, $ per metric ton *1686.0
Copper,Comex spot 2.5950
Iron Ore, 62% Fe CFR China-s 91.1
Shredded Scrap, US Midwest-s,m 281
Steel, HRC USA, FOB Midwest Mill-s 575
Fibers and Textiles
Burlap,10-oz,40-inch NY yd-n,w 0.5600
Cotton,1 1/16 std lw-mdMphs-u 0.6562
Cotlook 'A' Index-t *77.50
Hides,hvy native steers piece fob-u 41.000
Wool,64s,staple,Terr del-u,w n.a.
Grains and Feeds
Barley,top-quality Mnpls-u n.a.
Bran,wheat middlings, KC-u 94
Corn,No. 2 yellow,Cent IL-bp,u 3.7550
Corn gluten feed,Midwest-u,w 116.5
Corn gluten meal,Midwest-u,w 464.4
Cottonseed meal-u,w 250
Hominy feed,Cent IL-u,w 98
Meat-bonemeal,50% pro Mnpls-u,w 170
Oats,No.2 milling,Mnpls-u 3.3850
Rice, Long Grain Milled, No. 2 AR-u,w 25.63
Sorghum,(Milo) No.2 Gulf-u 7.4725
SoybeanMeal,Cent IL,rail,ton48%-u 299.80
Soybeans,No.1 yllw IL-bp,u 8.8250
Wheat,Spring14%-pro Mnpls-u 6.5450

Thursday
Wheat,No.2 soft red,St.Louis-bp,u 6.2000
Wheat - Hard - KC (USDA) $ per bu-u 4.7625
Wheat,No.1soft white,Portld,OR-u 6.2250
Food
Beef,carcass equiv. index
choice 1-3,600-900 lbs.-u 186.46
select 1-3,600-900 lbs.-u 181.80
Broilers, National comp wtd. avg.-u,w 0.8162
Butter,AA Chicago 1.7550
Cheddar cheese,bbl,Chicago 158.50
Cheddar cheese,blk,Chicago 180.00
Milk,Nonfat dry,Chicago lb. 117.75
Coffee,Brazilian,Comp 1.0672
Coffee,Colombian, NY 1.5053
Eggs,large white,Chicago-u 0.8650
Flour,hard winter KC 14.70
Hams,17-20 lbs,Mid-US fob-u 0.61
Hogs,Iowa-So. Minnesota-u 57.55
Pork bellies,12-14 lb MidUS-u n.a.
Pork loins,13-19 lb MidUS-u 0.8859
Steers,Tex.-Okla. Choice-u 120.00
Steers,feeder,Okla. City-u,w 165.25

Fats and Oils
Corn oil,crude wet/dry mill wtd. avg.-u,w36.0000
Grease,choice white,Chicago-h 0.3100
Lard,Chicago-u n.a.
Soybean oil,crude;Centl IL-u 0.3002
Tallow,bleach;Chicago-h 0.3550
Tallow,edible,Chicago-u n.a.

KEY TO CODES: A=ask; B=bid; BP=country elevator bids to producers; C=corrected; E=Manfra,Tordella & Brooks; G=ICE; H=American Commodities Brokerage Co;
M=monthly; N=nominal; n.a.=not quoted or not available; R=SNL Energy; S=Platts-TSI; T=Cotlook Limited; U=USDA; W=weekly, Z=not quoted. *Data as of 2/19
Source: WSJ Market Data Group

Global Government Bonds: Mapping Yields
Yields and spreads over or under U.S. Treasurys on benchmark two-year and 10-year government bonds in
selected other countries; arrows indicate whether the yield rose(s) or fell (t) in the latest session
Country/ Yield (%) Spread Under/Over U.S. Treasurys, in basis points
Coupon (%) Maturity, in years Latest(l)-2-101234Previous Month ago Year ago Latest Prev Year ago
1.375 U.S. 2 1.395t l 1.424 1.563 2.500
1.500 10 1.528t l 1.566 1.823 2.647
2.000 Australia 2 0.715t l 0.754 0.774 1.745 -68.0 -67.0 -75.5
2.750 10 0.998t l 1.032 1.184 2.111 -53.0 -53.5 -53.6
0.000 France 2 -0.614t l -0.610 -0.547 -0.445 -200.9 -203.4 -294.5
0.000 10 -0.217t l -0.181 0.041 0.529 -174.5 -174.7 -211.8
0.000 Germany 2 -0.650t l -0.644 -0.580 -0.562 -204.5 -206.8 -306.2
0.000 10 -0.444t l -0.416 -0.216 0.101 -197.2 -198.2 -254.6
1.200 Italy 2 -0.212t l -0.190 0.079 0.703 -160.7 -161.4 -179.6
1.350 10 0.909t l 0.939 1.357 2.858 -61.9 -62.7 21.2
0.100 Japan 2 -0.150s l -0.157 -0.126 -0.181 -154.5 -158.1 -268.1
0.100 10 -0.039s l -0.046 0.009 -0.036 -156.7 -161.2 -268.3
0.050 Spain 2 -0.449t l -0.446 -0.355 -0.179 -184.5 -187.0 -267.8
0.500 10 0.230t l 0.272 0.446 1.202 -129.8 -129.4 -144.5
3.750 U.K. 2 0.518t l 0.530 0.433 0.751 -87.7 -89.4 -174.9
4.750 10 0.581t l 0.604 0.677 1.080 -94.7 -96.2 -156.7
Source: Tullett Prebon
Corporate Debt
Price moves by a company's debt in the credit markets sometimes mirror and sometimes anticipate, moves in
that same company’s share price.
Investment-grade spreads that tightened the most...
Spread*, in basis points Stock Performance
Issuer SymbolCoupon (%) Maturity Current One-day change Last week Close ($) % chg
Enel FinanceInternational ENELIM 4.875 June 14, ’29 125 –17 137 ... ...
NationalAustraliaBank NAB 1.875 Dec. 13, ’22 25 –10 36 ... ...
BNP Paribas BNP 4.375 Sept. 28, ’25 123 –9 107 ... ...
Wells Fargo WFC 5.875 June 15, ’49 315 –9 306 47.34 0.53
Ally Financial ALLY 4.625 March 30, ’25 108 –8 n.a. 29.40 3.78
Toyota Motor Credit TOYOTA 1.800 Feb. 13, ’25 36 –8 42 ... ...
MarathonPetroleum MPC 6.500 March 1, ’41 180 –7 190 60.26 4.45
MPLX MPLX 4.500 April 15, ’38 195 –6 198 23.61 –0.38
...And spreads that widened the most
Lear LEA 5.250 May 15, ’49 285 26 263 124.70 –0.10
SouthernStar Central SSTAR 5.125 July 15, ’22 92 22 140 ... ...
Capital One Financial COF 3.750 July 28, ’26 140 21 115 103.54 –0.58
Conagra Brands CAG 5.400 Nov. 1, ’48 206 19 163 29.88 0.27
H.J. Heinz Company ... 4.875 Feb. 15, ’25 242 12 n.a. ... ...

High-yield issues with the biggest price increases...
Bond Price as % of face value Stock Performance
Issuer Symbol Coupon (%) Maturity Current One-day change Last week Close ($) % chg
MallinckrodtInternationalFinance... 5.500 April 15, ’25 47.000 4.00 42.500 ... ...
ComstockEscrow ... 9.750 Aug. 15, ’26 88.063 3.56 84.000 ... ...
Whiting Petroleum WLL 6.250 April 1, ’23 60.000 2.50 63.000 2.85 –5.32
Tullow Oil TLWLN 6.250 April 15, ’22 84.625 2.13 86.000 ... ...
Intelsat ConnectFinance INTEL 9.500 Feb. 15, ’23 67.250 1.75 69.250 ... ...
Oasis Petroleum OAS 6.250 May 1, ’26 74.500 1.75 72.500 2.18 ...
Noble Holding International NE 7.750 Jan. 15, ’24 51.500 1.63 52.500 0.90 10.29
CommunityHealth Systems CYH 6.875 Feb. 1, ’22 96.000 1.50 93.500 6.72 39.71

...And with the biggest price decreases
Mednax MD 6.250 Jan. 15, ’27 98.420 –4.78 102.688 20.96 –21.17
EagleIntermediateGlobal HoldingEAGRUY 7.500 May 1, ’25 73.000 –4.25 78.250 ... ...
EQM MidstreamPartners EQM 6.500 July 15, ’48 82.998 –2.21 80.250 23.01 0.17
Bruin E&P Partners BRUINE 8.875 Aug. 1, ’23 61.000 –2.00 63.000 ... ...
Navient NAVI 6.125 March 25, ’24 106.130 –1.75 107.750 14.45 0.80
Arconic ARNC 5.900 Feb. 1, ’27 115.470 –1.65 115.500 33.70 –1.09
RadiologyPartners RADPAR 9.250 Feb. 1, ’28 103.375 –1.63 104.875 ... ...
Waste Pro USA WASPRO 5.500 Feb. 15, ’26 99.750 –1.50 104.250 ... ...
*Estimated spread over 2-year, 3-year, 5-year, 10-year or 30-year hot-run Treasury; 100 basis points=one percentage pt.; change in spread shown is for Z-spread.
Note: Data are for the most active issue of bonds with maturities of two years or more
Sources: MarketAxess Corporate BondTicker; Dow Jones Market Data

Broad MarketBloomberg Barclays
2173.67 2.2 U.S. Aggregate 2.0302.0203.250
U.S. Corporate IndexesBloomberg Barclays
3232.58 2.8 U.S. Corporate 2.5502.5503.950
2939.28 1.6 Intermediate 2.1402.1403.580
4781.55 5.1 Long term 3.2803.2804.720
656.29 2.6 Double-A-rated 2.1202.1203.300
857.95 2.9 Triple-B-rated 2.8102.8104.310
High Yield BondsICE BofA
472.87 1.3 High Yield Constrained5.2125.1516.790
444.71 1.6 Triple-C-rated 10.82510.55812.699
3228.94 1.1 High Yield 100 4.5654.5166.505
428.17 1.6 Global High Yield Constrained4.9014.8936.407
333.09 1.4 Europe High Yield Constrained2.4642.4643.866
U.S AgencyBloomberg Barclays
1795.56 1.6 U.S Agency 1.6401.6102.790
1573.79 0.9 10-20 years 1.5601.5202.670
3999.87 5.0 20-plus years 2.0702.0103.340
2797.08 2.4 Yankee 2.3502.3503.640

Bonds|WSJ.com/bonds


Tracking Bond Benchmarks
Return on investment and spreads over Treasurys and/or yields paid to investors compared with 52-week
highs and lows for different types of bonds
Total
return YTD total Yield (%)
close return (%) Index Latest Low High

*Constrained indexes limit individual issuer concentrations to 2%; the High Yield 100 are the 100 largest bonds † In local currency § Euro-zone bonds
** EMBI Global Index Sources: ICE Data Services; Bloomberg Barclays; J.P.Morgan

Total
return YTD total Yield (%)
close return (%) Index Latest Low High
Mortgage-BackedBloomberg Barclays
2165.71 0.9 Mortgage-Backed 2.2702.2003.400
2112.61 0.7 Ginnie Mae(GNMA)2.3302.0903.340
1277.94 1.0 Fannie mae(FNMA)2.2502.2203.420
1963.92 1.0 Freddie Mac(FHLMC)2.2502.2203.420
576.85 1.9 Muni Master 1.2851.2852.365
407.93 2.2 7-12 year 1.2211.2212.306
464.50 2.6 12-22 year 1.5411.5412.815
453.21 2.8 22-plus year 2.0422.0423.356
Global GovernmentJ.P. Morgan†
596.27 2.3 Global Government 0.8300.6901.570
824.60 2.6 Canada 1.3901.2602.030
410.66 2.6 EMU§ 0.2620.1091.158
779.27 2.7 France 0.050-0.1600.800
545.74 1.9 Germany -0.300-0.5900.280
299.38 0.4 Japan 0.150-0.0700.320
608.72 2.1 Netherlands -0.210-0.4900.410
1041.11 3.6U.K. 0.8900.7301.620
905.52 2.7 Emerging Markets **4.5584.5586.497

Macro & Market Economics


Weekly Demand,000s barrels per day
Expected Previous Year 4-week 5-year
Current change week ago avg avg

Total petroleum
product 19,590 ... 20,968 20,720 20,258 19,867


Finished
motor gasoline 8,918 ... 8,722 8,800 8,842 9,106
Kerosene-type
jet fuel 1,383 ... 1,664 1,410 1,594 1,661
Distillates 3,728 ... 3,820 4,216 3,915 3,925
Residualfuel oil 190 ... 152 277 235 242
Propane/propylene 1,627 ... 2,090 2,049 1,584 ...
Other oils 3,745 ... 4,520 3,969 4,089 ...


Natural gas storage
Billions of cubic feet; weekly totals

250

1250

2250

3250

4250

2019

M A M J J A S ON D J
2020

F

t
Natural gas,
lower48states

t

Five-year average
for each week

Note: Expected changes are provided by Dow Jones Newswires' survey of analysts. Previous and average inventory data are in millions.
Sources: FactSet; Dow Jones Market Data; U.S. Energy Information Administration; Dow Jones Newswires


Watching the Gauges: U.S. Supply and Demand


Inventories, imports and demand for the week ended February 14. Current figures are in thousands of barrels
or thousands of gallons per day, except natural-gas figures, which are in billions of cubic feet. Natural-gas
import and demand data are available monthly only.
Inventories,000s barrels Imports,000s barrels per day
Expected Previous Year 4-week 5-year Expected Previous Year 4-week 5-year
Current change week ago avg avg Current change week ago avg avg


Crudeoil and
petroleumprod 1,292,504 ... 1,293 1,263 1,294 1,265 8,083 ... 8,723 9,436 8,629 9,842
Crudeoil
excludingSPR 442,883 3,400 442 455 438 476 6,547 ... 6,978 7,522 6,700 7,749
Gasoline 259,078 ... 261 257 261 248 421 ... 406 420 512 488
Finishedgasoline 26,915 100 27 27 27 27 119 ... 23 97 79 17
Reformulated 53 ... 0 0 0 0 0 ... 0 0 0 0
Conventional 26,862 ... 27 27 27 27 119 ... 23 97 79 17
Blend. components 232,163 ... 234 230 233 222 302 ... 383 323 433 471


Naturalgas (bcf) 2,343 ... 2 2 3 2 ... ... ... ... ... ...


Kerosene-type
jet fuel 43,638 ... 43 43 43 42 81 ... 159 165 102 161
Distillates 140,587 -1,400 141 139 142 145 127 ... 102 431 136 297
Heating oil 9,746 ... 11 11 11 13 2 ... 2 1 1 54
Diesel 130,840 ... 130 128 132 132 125 ... 101 430 136 186
Residualfuel oil 30,426 ... 30 29 31 37 169 ... 89 90 153 202
Other oils 276,850 ... 274 262 275 244 609 ... 812 623 850 791


Net crude, petroleum
products,incl. SPR 1,927,471 ... 1,928 1,912 1,929 1,944 -1,207 ... 395 1,106 -404 3,636


iShMSCIBrazil EWZ 42.84 –2.44 –9.7
iShMSCI EAFE EFA 68.58 –0.59 –1.2
iShMSCI EAFE SC SCZ 60.86 –0.51 –2.3
iShMSCIEmgMarketsEEM 43.54 –1.56 –3.0
iShMSCIJapan EWJ 57.11 –0.64 –3.6
iShNatlMuniBd MUB116.02 0.13 1.9
iShPfd&Incm PFF 38.16 0.24 1.5
iShRussell1000Gwth IWF 191.10 –0.62 8.6
iShRussell1000 IWB 187.40 –0.35 5.0
iShRussell1000Val IWD 138.23 0.02 1.3
iShRussell2000GwthIWO 225.14 –0.05 5.1
iShRussell2000 IWM168.81 0.24 1.9
iShRussell3000 IWV 197.52 –0.31 4.8
iShRussellMid-Cap IWR 61.96 0.10 3.9
iShRussellMCValue IWS 96.81 0.39 2.2
iShS&P500Growth IVW 209.22 –0.65 8.0
iShS&P500Value IVE 131.19 –0.11 0.8
iShShortCpBd IGSB 54.06 0.09 0.8
iShShortTreaBd SHV 110.52 ... 0.1
iShTIPSBondETF TIP 118.98 0.19 2.1
iSh1-3YTreasuryBd SHY 84.96 0.02 0.4
iSh7-10YTreasuryBd IEF 113.79 0.29 3.2
iSh20+YTreasuryBd TLT 146.67 0.78 8.3
iShRussellMCGrowthIWP 162.73 –0.26 6.7
iShUSTreasuryBdETFGOVT 26.57 0.34 2.4
JPM UltShtIncm JPST 50.55 0.02 0.2
PIMCOEnhShMaturityMINT101.88 0.00 0.3
SPDR BlmBarcHYBd JNK 110.19 0.14 0.6
SPDR Gold GLD 152.41 0.41 6.7
SchwabIntEquity SCHF 33.28 –0.72 –1.0
SchwabUS BrdMkt SCHB 80.58 –0.37 4.8
SchwabUS Div SCHD 58.62 –0.22 1.2
SchwabUS LC SCHX 80.74 –0.36 5.1

Closing Chg YTD
ETF Symbol Price (%) (%)

CnsmrDiscSelSector XLY 132.32 0.04 5.5
CnsStapleSelSector XLP 64.54 0.08 2.5
FinSelSectorSPDR XLF 31.07 –0.19 0.9
FT ValDivFd FVD 36.80 0.08 2.1
HealthCareSelSect XLV103.37 –0.64 1.5
IndSelSectorSPDR XLI 84.01 –0.14 3.1
InvscQQQI QQQ234.78 –0.93 10.4
InvscS&P500EW RSP118.65 –0.03 2.5
InvscS&P500LowVol SPLV61.66 0.08 5.7
iShCoreDivGrowth DGRO42.85 –0.23 1.9
iShCoreMSCIEAFE IEFA 64.41 –0.63 –1.3
iShCoreMSCIEmgMk IEMG52.20 –1.57 –2.9
iShCoreMSCITotInt IXUS 61.06 –0.76 –1.4
iShCoreS&P500 IVV 338.49 –0.41 4.7
iShCoreS&P MC IJH 210.58 0.41 2.3
iShCoreS&P SC IJR 83.99 0.53 0.2
iShS&PTotlUSStkMktITOT 76.12 –0.39 4.7
iShCoreUSAggBd AGG114.67 0.23 2.0
iShSelectDividend DVY106.23 0.29 0.5
iShEdgeMSCIMinEAFEEFAV74.75 –0.78 0.3
iShEdgeMSCIMinUSAUSMV69.45 –0.20 5.9
iShEdgeMSCIUSAMomMTUM136.51 –0.42 8.7
iShEdgeMSCIUSAQualQUAL104.74 –0.30 3.7
iShFloatingRateBd FLOT51.08 –0.02 0.3
iShGoldTr IAU 15.48 0.45 6.8
iShiBoxx$InvGrCpBd LQD131.49 0.34 2.8
iShiBoxx$HYCpBd HYG 88.41 0.17 0.5
iShIntermCorpBd IGIB 59.25 0.15 2.2
iShJPMUSDEmgBd EMB116.75 0.06 1.9
iShMBSETF MBB108.90 0.06 0.8
iShMSCI ACWI ACWI80.99 –0.58 2.2


Closing Chg YTD
ETF Symbol Price (%) (%)


Thursday, February 20, 2020 SPDR DJIA TrSchwabUS LC Grw SCHGDIA 101.63292.78 –0.69–0.45 2.79.4
SPDR S&PMdCpTr MDY384.02 0.41 2.3
SPDR S&P 500 SPY336.95 –0.41 4.7
SPDR S&P Div SDY108.67 0.31 1.0
TechSelectSector XLK 101.72 –1.04 11.0
UtilitiesSelSector XLU 70.46 0.36 9.0
VanEckGoldMiner GDX 29.75 ... 1.6
VangdInfoTech VGT270.68 –0.93 10.5
VangdSC Val VBR137.79 0.42 0.5
VangdSC Grwth VBK210.28 0.18 5.8
VangdDivApp VIG 130.14 –0.30 4.4
VangdFTSEDevMk VEA 43.51 –0.73 –1.2
VangdFTSE EM VWO43.38 –1.36 –2.5
VangdFTSE Europe VGK 58.24 –0.60 –0.6
VangdFTSEAWxUS VEU 53.06 –0.90 –1.3
VangdGrowth VUG200.35 –0.62 10.0
VangdHlthCr VHT195.94 –0.65 2.2
VangdHiDiv VYM 93.89 –0.04 0.2
VangdIntermBd BIV 89.22 0.18 2.3
VangdIntrCorpBd VCIT 93.28 0.22 2.1
VangdLC VV 155.47 –0.42 5.2
VangdMC VO 186.27 0.05 4.5
VangdMC Val VOE121.50 0.19 1.9
VangdMBS VMBS53.57 0.06 0.8
VangdRealEst VNQ 99.28 1.19 7.0
VangdS&P500ETF VOO309.70 –0.39 4.7
VangdST Bond BSV 81.16 0.07 0.7
VangdSTCpBd VCSH81.62 0.09 0.7
VangdSC VB 170.48 0.29 2.9
VangdTotalBd BND 85.59 0.25 2.1
VangdTotIntlBd BNDX57.76 0.17 2.1
VangdTotIntlStk VXUS54.85 –0.81 –1.5
VangdTotalStk VTI 171.65 –0.30 4.9
VangdTotlWrld VT 82.55 –0.55 1.9
VangdValue VTV120.55 –0.10 0.6

Closing Chg YTD
ETF Symbol Price (%) (%)

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