Monthly Archives: December 2017

oil ends 2017 above $60, first time in 30 months; US refining at wintertime high, distillates production at a record high

oil prices rose for the 2nd week in a row this week and ended at their highest level of the year, closing above $60 a barrel for the first time since June of 2015…after being little changed in light overseas … Continue reading

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a light holiday schedule of economic releases

with the usual month end reports all released last week, the only widely watched report released this week was the Case-Shiller Home Price Index for October from S&P Case-Shiller, which doesn’t even include homes prices, but just a index generated … Continue reading

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graphs and tables for December 30

rig count summary: oil prices: refinery throughput:

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US oil, products exports rising again as international markets command premium prices

after slipping a bit on Monday, oil prices moved steadily higher the rest of the week and approached a two and a half year high in closing up for the first time in four weeks….after initially trading as high as … Continue reading

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3rd quarter GDP revision, November income and outlays, durable goods, new home construction, new and existing home sales

in advance of the holidays, several of the reports that are normally released during the last week of the month were accelerated into this one…that means this week had the 3rd estimate of 3rd quarter GDP and the November report … Continue reading

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graphs and tables for December 23rd

rig count summary oil exports: refinery throughput:

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OPEC oil output at a 6 month low; global oil output at a 12 month high..

US oil prices ended slightly lower for the third week in a row this past week, but the major movement in oil prices was in the international markets, where North Sea Brent crude, the international benchmark, spiked to a two … Continue reading

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