Monthly Archives: August 2017

US oil production at a 25 month high, gasoline production at a record high, oil supplies at a 19 month low

oil prices fell on Monday and never recovered to the levels of last week, as potential impacts from the hurricane hitting the Texas coast weighed on crude prices, while simultaneously boosting those of gasoline…after closing last Friday with a 3% … Continue reading

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July’s durable goods, new and existing home sales

the week’s widely watched releases included the July advance report on durable goods and the July report on new home sales, both from the Census bureau, and the Existing Home Sales Report for July from the National Association of Realtors … Continue reading

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August 26th graphics

rig count summary: crude oil inventories:

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US crude production highest in two years; oil drilling slows most since January, DUC wells at a record high

oil prices fell by more than 4% by midweek of the past week, but then recovered most of their earlier losses on Friday to end the week little changed…after sliding 1.4% to $48.82 a barrel last week on increased OPEC … Continue reading

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July’s retail sales, industrial production, and new home construction; June’s business inventories

the past week’s key reports were the Retail Sales for July and Business Sales and Inventories for June, both from the Census bureau, the July report on Industrial Production and Capacity Utilization from the Fed, and the July report on … Continue reading

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graphs and tables for August 19th

July retail sales: rig count summary: oil production:

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OPEC oil production jumps to 7 month high; US oil refining at a new record…

oil prices trended lower this week, mostly on a report that OPEC producers had increased their crude oil output for the 4th month in a row, reaching their highest level since their production cut pact was initiated…after closing last week … Continue reading

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