Monthly Archives: January 2017

as you’ve probably heard, Mr Trump has been quite busy this week.  among several other actions, he signed two diktats on Tuesday to advance the construction of the Keystone XL and the Dakota Access pipelines, both of which had been … Continue reading →

the key economic release of the past week was the 1st estimate of 4th quarter GDP from the Bureau of Economic Analysis; other widely watched releases included the advance report on durable goods for December and the December report on … Continue reading →

rig count summary: 4th quarter GDP:

oil prices were little changed over the week, despite a sharp drop over the first 3 days and a subsequent recovery before the weekend….the February US oil contract, which closed last week at $52.37 a barrel, closed this week up … Continue reading →

the major reports released this week were the December Consumer Price Index from the Bureau of Labor Statistics, the December report on Industrial Production and Capacity Utilization from the Fed, and the November report on New Residential Construction, from the … Continue reading →

Saudi production: Russian production: OPEC production: OPEC production: US gasoline consumption: miles driven: rig count summary:

the OPEC inspired oil rally finally ran out of steam this week, as oil prices retreated for the first time in 5 weeks, and by the most in 11 weeks…after closing at $53.99 a barrel last Friday, oil prices fell … Continue reading →

reports released this past week included Retail Sales for December,  Wholesale Trade, Sales and Inventories for November, and Business Sales and Inventories for November, all from the Census Bureau, and the December Import-Export Price Index and the December Producer Price … Continue reading →

rig count summary: December retail sales:

oil prices rose for the 4th week in a row this week, but only after clawing back from an opening day nosedive…after closing December 2016 at $53.72 a barrel, US oil prices shot up to well above $55 a barrel … Continue reading →