Monthly Archives: July 2016

2nd quarter GDP and annual revision, June durable goods and new home sales

the key economic release of the past week was the 1st, or advance estimate of 2nd quarter GDP from the Bureau of Economic Analysis, which was accompanied by an annual revision to national accounts data over the prior three years….the … Continue reading

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July 30th graphics

gasoline inventories: rig count summary: 2nd quarter GDP:

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Utica productivity tripled in 2 years; gasoline supplies at a summer high, oil drilling jumps most in 79 months

oil prices continued to erode this week as traders and the media continued to focus on the increasing glut of refined products…after closing at $45.24 a barrel on Monday, down from last Friday’s $45.95, oil fell again late Tuesday to … Continue reading

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June’s new housing construction and existing home sales

it’s been a slow week, with the June report on New Residential Construction from the Census Bureau and the June report on existing home sales from the National Association of Realtors (NAR) the only two reports with a broad following … Continue reading

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July 23rd graphics

oil prices: drilling productivity by region: drilling productivity for new wells: legacy oil production: legacy natural gas production: oil productivity for new Utica wells: natural gas productivity for new Utica wells: rig count summary:

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June’s retail, consumer & producer prices, & industrial production; May’s wholesale & business inventories, JOLTS, & Mortgage Monitor

most of this week’s important reports were released on Friday morning, including Retail Sales for June and Business Sales and Inventories for May, both from the Census bureau, the June Consumer Price Index from the Bureau of Labor Statistics, and … Continue reading

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gasoline, distillates & other inventories continue to pile up; demand for them may not be as advertised…

both oil and natural gas prices were only modestly changed from last week, although oil did see a 5% spike on Tuesday that was reversed by a 5% drop on Wednesday…after closing Monday at a two month low of $44.74 … Continue reading

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