Monthly Archives: December 2017

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 →

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 →

rig count summary: oil prices: refinery throughput:

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 →

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 →

rig count summary oil exports: refinery throughput:

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 →

major reports released this week included the the November Producer Price Index, the November Consumer Price Index, and the November Import-Export Price Index from the Bureau of Labor Statistics, Retail Sales for November and Business Sales and Inventories for October … Continue reading →

retail sales: rig count summary: OPEC production: OPEC output graph: OPEC quotas vs output: global oil output: global oil demand:

oil prices ended lower for the second week in a row this week, but still remain well above the average break-even prices for most US shale basins, and hence remain at a level that will only encourage further exploitation…after falling … Continue reading →