Monthly Archives: April 2017

oil prices drop 7.4%, oil rigs double from a year ago, oil production at a 20 month high, uncompleted wells increase 2%

oil prices tumbled this week, giving up all the gains they’d seen since Trump’s strike on Syria and then some, as fears of further Mideast disruptions subsided, while US drilling productivity advanced again and traders became concerned that OPEC could … Continue reading

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March industrial production, new home construction, and existing home sales

major monthly reports released this week included the March report on Industrial Production and Capacity Utilization from the Fed, the March report on New Residential Construction from the Census Bureau, and the Existing Home Sales Report for March from the … Continue reading

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April 22 table

rig count summary

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April OPEC report shows global oil glut still growing; US oil refining at a seasonal record

oil prices again tracked higher this week, as saber rattling about Syria had traders weighing geopolitical risks in the Middle East in addition to the usual oil supply issues of OPEC’s production cuts and increasing US oil production…after closing last … Continue reading

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March consumer prices, retail sales, & producer prices; February’s business inventories and job openings

regular monthly reports released this week included the the March Consumer Price Index, the March Producer Price Index, and the March Import-Export Price Index from the Bureau of Labor Statistics, and the Retail Sales report for March and the Business … Continue reading

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April 15th graphics

refinery throughput: rig count summary: OPEC production official data: OPEC production as reported: OPEC production graph: March 2017 global oil supply: global oil demand estimates: March retail sales:

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oil spikes on Trump’s warmongering; US horizontal drilling doubles from last year, global rigs drop 1st time in 10 months

after falling 36 cents to $50.23 a barrel on Monday, oil were prices were higher daily for the rest of the week, and ended the week up more than 3%, as the US missile strike on Syria boosted prices on … Continue reading

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