Monthly Archives: November 2017

oil prices rose nearly 4% this past week and finished at a 2½-year high, as traders focused on a supply disruption to the Cushing hub in Oklahoma, while anticipating extended supply cuts from the OPEC meeting in this coming week…after … Continue reading →

there were just a couple of widely watched reports released this week, with no releases on Thanksgiving or Friday….Tuesday saw the Existing Home Sales Report for October from the National Association of Realtors (NAR), and Wednesday saw the advance report … Continue reading →

rig count summary: oil prices: distillate production:

oil prices finally fell this week, for the first time in the past six weeks, but a rally on Friday put the downturn in jeopardy until the last hour of trading…after trading just off a two year high most of … Continue reading →

major agency reports released this week included Retail Sales Report for October and the Business Sales and Inventories Report for September from the Census Bureau, the October Consumer Price Index, the October Producer Price Index and the October Import-Export Price … Continue reading →

retail sales: rig count summary: official OPEC production: OPEC output allocations via Platts: global oil supply: global oil demand:

oil prices spiked to a new two year high on Monday on turmoil in Saudi Arabia*, but even though they drifted lower the rest of the week as the chaotic news was digested, they still ended higher for the fifth … Continue reading →

the only agency reports released this week were the Job Openings and Labor Turnover Survey (JOLTS) for September from the Bureau of Labor Statistics, the September report on Wholesale Trade, Sales and Inventories from the Census Bureau, and the Consumer … Continue reading →

rig count summary: natural gas prices: oil production: distillates inventories:

US oil prices rose for the 4th week in a row over the past week, blowing through a two year high on Friday after Baker Hughes reported the largest drop in oil rigs since last year….after rising 4.3% last week … Continue reading →