Monthly Archives: June 2017

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 →

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 →

rig count summary: daily oil prices:

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 →

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 →

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

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 →

monthly agency reports released this week included the Full Report on Manufacturers’ Shipments, Inventories and Orders for April and the April report on Wholesale Trade, Sales and Inventories, both from the Census Bureau, the Job Openings and Labor Turnover Survey … Continue reading →

rig count summary: rig count vs earlier oil prices: US exports:

oil prices were down more than 4% this week, largely on reports that OPEC oil production increased in May, which was in turn mostly due to increased oil production from Libya and Nigeria, who are exempt from the cartel’s agreed … Continue reading →