Monthly Archives: April 2018

oil prices were down less than half a percent over the past week, as geopolitical concerns competed with supply fundamentals for oil traders’ attention…after increasing more than 10% over the prior 10 sessions and closing at $68.40 a barrel last … Continue reading →

the key economic report of the past week was the advance estimate of 1st quarter GDP from the Bureau of Economic Analysis, which was released on Friday; other widely watched releases included the March advance report on durable goods and … Continue reading →

rig count summary crude oil production: crude oil exports: total exports: natural gas storage report:

oil prices were higher again this week, and they might have reached $70 a barrel for the first time in three and a half years had not Trump tweeted against them on Friday…after jumping nearly 9% to a 41 month … Continue reading →

major monthly reports released this week included the Retail Sales report for March and the Business Sales and Inventories report for February from the Census Bureau, the March report on Industrial Production and Capacity Utilization from the Fed, and the … Continue reading →

rig count summary gasoline consumption: natural gas supplies:

retail sales:

oil prices were higher each and every day this week, mostly on wars and rumors of wars, ending at their highest level since November 2014, even as US & global oil supply figures remained bearish…after falling 4.4% to $62.06 a … Continue reading →

regular monthly reports released this week included all three major indexes used by the BEA to adjust goods and services for inflation: March Consumer Price Index, the March Producer Price Index, and the March Import-Export Price Index, all of which … Continue reading →

rig count summary: OPEC oil output: global oil supply: global oil demand: