Monthly Archives: August 2016

oil prices bounced around this week and ended somewhat lower, as news of increasing international oil production and the building domestic product glut dampened speculative buying on the unlikely prospect of an OPEC-Russian production freeze…the 7 day price rally that … Continue reading →

the key economic release of the past week was the 2nd estimate of 2nd quarter GDP from the Bureau of Economic Analysis, which was released on Friday…other widely watched releases we saw earlier in the week included the July advance … Continue reading →

rig count summary: total oil + oil products inventory:

oil prices rose with little interruption this week, largely on the ongoing talk about a possible Russian – OPEC agreement to freeze their oil output, although a falling US dollar (which makes internationally traded goods more expensive here) and a … Continue reading →

this week’s key reports were the July Consumer Price Index from the Bureau of Labor Statistics, the July report on Industrial Production and Capacity Utilization from the Fed, and the July report on New Residential Construction from the Census Bureau…other … Continue reading →

oil prices: total stocks: rig count summary:

oil prices rose more than 6.4% this week and are now up nearly 14% from the low they hit the prior Tuesday, largely on renewed rumors that OPEC might negotiate a freeze of oil production at current levels…recall we’ve been … Continue reading →

the three key reports of this past week, Retail Sales for July and Business Sales and Inventories for June from the Census bureau, and the July Producer Price Index from the Bureau of Labor Statistics, were all released on Friday…earlier … Continue reading →

July retail sales: rig count summary:

in addition to the Employment Situation Summary for July from the Bureau of Labor Statistics, this week also saw the release of four June reports that included metrics which were either estimated or embodied in last week’s release of 2nd … Continue reading →