Monthly Archives: July 2016

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 →

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

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 →

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 →

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:

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 →

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 →

rig count summary: June retail sales non-current loan counts:

contract prices for both crude oil and natural gas dropped around 7% this week, each for different reasons, and neither as part of a general market selloff….after closing last week at $48.99 a barrel, US WTI oil prices fell right … Continue reading →

the Employment Situation Summary for June from the Bureau of Labor Statistics was the most widely watched release of the past week, especially in light of May’s weak report and its impact on the Fed’s interest rate policy…other key releases … Continue reading →