Monthly Archives: March 2017

US oil prices ended the week 81 cents lower than last week’s final quote, but price quotes for Friday of this week really shouldn’t be compared to those of last week, because each references a different contract month…i’ll explain that … Continue reading →

widely watched reports that were released this past week were the advance report on durable goods for February and the February report on new home sales, both from the Census bureau, and the Existing Home Sales Report for February from … Continue reading →

population weighted heating demand: rig count summary rig count history:

oil prices continued falling early this past week, but rallied on Wednesday after the EIA’s report of the first US oil inventory drawdown in 10 weeks, and ultimately ended the week 29 cents higher at $48.78 a barrel…the early weakness … Continue reading →

major monthly reports this week included the Retail Sales report for February and Business Sales and Inventories for January from the Census Bureau, the February Producer Price Index and the February Consumer Price Index from the Bureau of Labor Statistics, … Continue reading →

retail sales: rig count summary: OPEC supply via secondary sources: OPEC supply as reported by members: OPEC output history: global and OPEC oil output: global oil demand:

oil prices finally broke out of their narrow range this week, with US prices ending the week 9.1% lower than a week ago, as they fell every day this week, with the biggest drop precipitated by reports of a much … Continue reading →

in addition to the Employment Situation Summary for February from the Bureau of Labor Statistics, this week’s releases included three reports that will input into 1st quarter GDP: the Census report on our International Trade for January, the Full Report … Continue reading →

oil prices: rig count summary: new natural gas pipelines: oil production + forecasts: YTD oil supply change: 5 years weekly oil supply: weekly gasoline supplies:

oil prices finished lower this week, but still remained in the same $2 trading range that they’ve been in for most of this year… prices barely budged on Monday, as US crude for April rose 6 cents, or 0.1%, to … Continue reading →