Monthly Archives: January 2018

oil prices rose to a 37 month high this week, in a strong rally underpinned by a tumbling US dollar, which makes internationally traded commodities more expensive in our currency than in the currencies of other countries…bizarrely, this week’s collapse … Continue reading →

the key economic release of the past week was the 1st estimate of 4th quarter GDP from the Bureau of Economic Analysis; other widely watched releases included the advance report on durable goods for December and the December report on … Continue reading →

rig count summary: oil prices: natural gas prices: historical natural gas supplies: 4th quarter GDP:

oil prices fell for the first time in the past five weeks this week, and also fell by the most in any week since early October, but not before hitting another three year high, beating the three year high set … Continue reading →

the only major reports released this week were the December report on Industrial Production and Capacity Utilization from the Fed, and the November report on New Residential Construction, from the Census Bureau… the week also saw the release of the … Continue reading →

rig count summary: daily heating degree days: cumulative heating degree days: OPEC output, secondary sources: OPEC quotas via Platts: historical OPEC production graph: OPEC + global oil supply: global oil demand:

the cold week that we saw at the beginning of this month set quite an amazing record for US natural gas supplies, and put an exclamation point on our concerns about the natural gas that we’re exporting…in the first week … Continue reading →

reports released this past week included the the December Consumer Price Index,  the December Producer Price Index and the December Import-Export Price Index from the Bureau of Labor Statistics, and reports on Retail Sales for December,  Wholesale Trade, Sales and … Continue reading →

rig count summary: nat gas storage report: natural gas stores via EIA weekly: natural gas stores via Million Dollar Way: record natural gas demand: natural gas prices: consumer credit: retail sales:

oil prices pushed to a 3 year high over the first three days of trading this week, but then fell back almost 1% on profit taking on Friday….after closing out 2017 at a two and a half year high of … Continue reading →