Monthly Archives: June 2017

oil hits ten month low; prices now below average breakeven for all US oil basins

oil prices fell for the 5th week in a row this week, now the longest losing streak since the summer of 2015, with the new front month price for August oil closing the week at $43.01 a barrel, down 4.4% … Continue reading

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May’s new and existing home sales

the only widely watched reports released over the past week were the May report on new home sales from the Census bureau and the May report on existing home sales from the National Association of Realtors (NAR)….in addition, this week … Continue reading

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June 24th screenshots

rig count summary: daily oil prices:

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global oil glut grows again in May; US gasoline supplies hit a seasonal record; uncompleted wells rise again

oil prices were down another 2.4% this week, with US oil for July closing below $45 a barrel for the first time since November, (ie, prior to the first announcement of OPEC production cuts), and have now fallen 14% from … Continue reading

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May’s retail sales, consumer and producer prices, industrial production, home construction; April’s business inventories

major reports released during the past week included Retail Sales for May and Business Sales and Inventories for April, both released by the Census bureau, the May Consumer Price Index, the May Producer Price Index, and the May Import-Export Price … Continue reading

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tables and graphs for June 17th

retail sales: rig count summary: OPEC production OPEC production targets: global oil output: global oil demand: oil prices: breakeven prices for new wells:

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a naval blockade of Qatar in the Persian Gulf, US sees big jump in oil & product inventories, global rig counts, et al

oil prices fell another 4% this week, after falling 4% the prior week, mostly due to a large and unexpected increase in US oil & oil product supplies…after initially moving higher Monday morning, after Saudi Arabia and three other Arab … Continue reading

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