Monthly Archives: May 2018

oil prices reverse May’s gains; distillates supplies at a 4 year low, down 22% from a year ago; global oil stores down in April

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

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April’s durable goods, new home sales, and existing home sales.

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

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graphs and tables for May 26th

rig count summary: distillate supplies: oil prices:

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US oil exports at a record high again; Ohio drilling slows from a year ago; DUCs increase for 19th month running

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

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April retail sales, industrial production and new housing starts; March business inventories

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

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tables and graphs for May 19th

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

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oil prices hit 42 month high on Trump’s Iran sanctions; another record for US oil production, another big drop in US distillate supplies…

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

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