Monthly Archives: May 2018

oil prices fell for the first time in four weeks this week, giving up all of their May gains in the process, but not before hitting new three and a half year highs on Monday and again on Tuesday….after rising … Continue reading →

The widely watched reports that were released this week included the April advance report on durable goods and the April report on new home sales, both from the Census bureau, and the Existing Home Sales Report for April from the … Continue reading →

rig count summary: distillate supplies: oil prices:

US oil prices continued their relentless advance higher again this week, while the front month contract price for North Sea Brent, the international benchmark, topped $80 a barrel for the first time since before OPEC began its campaign to flood … Continue reading →

regular monthly reports that were released this week included the Retail Sales report for April, the Wholesale Trade, Sales and Inventories report for March, both from the Census Bureau, the April report on Industrial Production and Capacity Utilization from the … Continue reading →

retail sales: rig count summary: OPEC production: global oil supply: global oil demand: US oil exports:

oil prices hit fresh 42 month highs three times this week before falling back a bit on Friday, in a rally that was mostly a reaction to Trump’s abrogation of the 2015 seven nation pact with Iran, which had placed … Continue reading →

regular monthly reports that were released this week included the the April Consumer Price Index, the April Producer Price Index, and the April Import-Export Price Index from the Bureau of Labor Statistics, and the Job Openings and Labor Turnover Survey … Continue reading →

rig count summary: oil prices: natural gas supplies:

US oil prices approached $70 a barrel in climbing to a new 42 month high this week, while international oil prices as represented by North Sea Brent crude breached the $75 a barrel level early in the week and again … Continue reading →