Oil rises ahead of data supply us on signs of economic recovery

April 20, 2011, 8: 32 pm EDT by Grant Smith and Ben Sharples

April 20 (Bloomberg) - oil rose for a second day in New York before a weekly report from the U.S. Government on levels of supply, in the signs that recovery in the largest economy of the world supports fuel consumption.

Future earned as much as 1.6%, while that the dollar traded near its lowest level against the euro in a more than a year, boost the appeal of protection products against inflation. The Energy Department will publish its report today. The funded by industry American Petroleum Institute, said yesterday that gasoline inventories fell by 1.8 million barrels to 212 million. Pink European actions, with addition of 1.6% Stoxx 600. "It is generally better feeling for risk assets as equity markets rise, said Hannes Loacker, an analyst with Raiffeisen Bank AG in Vienna. "Oil fundamentals still look OK in emerging markets." However, a price of $120 to $ 130 is likely to reduce demand. The high price of oil may become the greatest risk in itself. "The oil for delivery in June as $1.71 to $109.86 barrel increased on the New York Mercantile Exchange and was at $109.61 at 1: 24 p.m. London time. Brent crude for the settlement of June soared $ 1.36, or 1.1%, to $122.69 a barrel on the ICE Futures Europe Exchange bonus of London.Brent to benchmark U.S. restricted for a second day at $13.04 per barrel. Yesterday, crude in New York added 59 cents to $108.18, the highest settlement since April price 15.U.S. EconomyPurchases of U.S. existing homes climbed 2.5 percent in March after having dropped 9.6% in Februarya survey of Bloomberg News before the National Association of Realtors report today."A work report yesterday showed the Commerce Department began 549,000 homes at an annual rate, 7.2 percent the prior month and exceeding forecasts median 520 000 economists surveyed by Bloomberg News".The weakness of the dollar and more strong equities offset concerns over European sovereign debt and the slowdown in demand for high oil prices, "Mark Pervan, product manager of research in Australia & New Zealand Banking Group Ltd.. in Melbourne"said in a note today.The Dollar Index, a measure of currency compared to those of six U.S. business partners, have slid for a second day to 74.68, Bloomberg data showed. It fell by 5.5% since the beginning of the year. A decline of the dollar makes commodities prices in the currency of the United States more attractive for investors. The motto of the United States was at $1.4468 against the euro.StockpilesU.S to the United States. oil crude stocks barrels roses 667,000 week last 356.1 million, according to the industry-funded American Petroleum Institute. A report of the Department of energy can today show supplies increased by 1.3 million barrels of 359.3 million, according to Bloomberg News of analysts of.The Commerce Department said the work started on 549,000 homes at an annual rate, 7.2 percent the prior month and exceeding the estimated median 520 000 economists surveyed by Bloomberg News. The standard & poor 500 Index added 0.6 per cent to 1,312.62 4 hours near New York.Oil advanced 20 percent in New York this year. Unrest in the Middle East and the North Africa reversed the leaders in Egypt and Tunisia and extend to the Libya, Algeria, Bahrain, Iran, Oman, Syria and the Yemen. Jamahiriya gross production that an average of 1.6 million barrels per day last year, has declined to 390,000 barrels per day in March, a survey of Bloomberg News producers, analysts and companies.Nigerian President Goodluck Jonathan has suspended his Interior Minister after protests against his election victory has killed at least six people in the largest producer of oil in Africa. Clashes between Christians and Muslims erupted for a second day in the city of North of Kaduna, Shehu Sani, head of the civil rights Congress, said on April 18.

-With the help of Christian Schmollinger at Singapore. Editors: John Buckley, Raj Rajendran

To contact the reporter on this story: Ben Sharples in Melbourne to Grant Smith in London bsharples@bloomberg.net to the gsmith52@bloomberg.net

To contact the responsible editor of the story: Stephen Voss on sev@bloomberg.net

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Chipotle profit rises 23% as the client traffic increase

April 20, 2011, 6: 38 am EDT by Leslie Patton and Cecile Vannucci

(Updates with analyst comment in the fourth paragraph and discussion society of the question of work in the eighth paragraph).

April 20 (Bloomberg) - Chipotle Mexican Grill Inc., the spin-off Corp. McDonalds burrito in 2006 chain, reported a 23% gain in the first quarter as consumers benefit dinner more.Net income rose to 46.4 million dollars, or $1.46 per share of 37.8 million, or $1.19, a year earlier, the Denver-based company said today. Analysts projected $1.43, the average estimate in a survey of Bloomberg.Marge of operation of chipotle fell 90 basis points to 25.2% in the quarter due to higher costs of food, according to the Declaration. Burrito chain joins restaurants including Yum! Marks, Cheesecake Factory Inc. and Restaurants Inc. of BJ in the reports of results today. All with costs outbreaks ingredients such as meat, eggs and milk, which have forced some chains to raise prices. "" It really is a matter of producing ", said Steve West, an analyst with Stifel Nicolaus & Co. in St. Louis. There was a freeze in the Mexico and Argentina which wounded the fruit and vegetables, including lawyers and tomatoes, he said. West advises to purchase shares.Yum based in Louisville, Kentucky, said profit in the first quarter increased by 9.5% to $ 264 million, or 54 cents per share, compared with the previous year. The company operates the Taco Bell and chains KFC, with more than 37,000 sites around the world. Focused on the hills of Calabasas, California Cheesecake Factory, which has about 160 U.S. restaurants, has posted a gain of 9.6% in profit for the first quarter.Labor IssueChipotle fell $ 9.10 to $ 279 at 5 h 42 end stock composite of the New York Stock Exchange. The actions of $8,25 or 2.9%, to $288.10 today closed and won 35 percent this year.Yum has increased by $3.15, or 6.1%, at $54.70 in New York. Cheesecake Factory fell from $1.01, or 3.3%, $29.59 on the Nasdaq Stock Market, after the closure of the 2.5 per cent.Chipotle is currently with the criminal division of the Office of the Attorney for the U.S. in Washington, in addition to Immigration to the United States and Customs Enforcement, to provide certain documents in a review, co-CEO Montgomery Moran said on a conference call today. The company had the fire about 450 workers when an immigration investigation began earlier this year in Minnesota. "Much ADO is made about this investigation,"said West. "It is risk because we do not know what will be the final result."Chipotle sales rose 24 percent to 509 million dollars in the three months ending March 31, the company said. Income was 410 million dollars in the quarter year - he y a.Il has approximately 1,100 Chipotle stores to the United States.

-Editors: Niamh Ring, Roman Bostick

To contact the reporters on this story: Leslie Patton in Chicago at the lpatton5@bloomberg.net. Cecile Vannucci in New York at cvannucci1@bloomberg.net.

To contact the editor responsible for this story: Robin Ajello to the rajello@bloomberg.net

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