Monthly Archives: August 2017

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 →

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 →

rig count summary: crude oil inventories:

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 →

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 →

July retail sales: rig count summary: oil production:

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 →

major agency reports released this past week included the July Consumer Price Index, the July Producer Price Index, and the July Import-Export Price Index, all from the Bureau of Labor Statistics, and the June report on Wholesale Trade, Sales and … Continue reading →

rig count summary: refinery throughput: oil inventories: OPEC production (official):   OPEC production as reported: OPEC production and allocations: OPEC output history: global oil supply: global oil demand:

oil prices were up three out of 5 trading sessions last week but still ended fractionally lower than where they started, mostly on a report that OPEC had increased its output….building on last week’s 8.6% rally to $49.71 a barrel, … Continue reading →