Monthly Archives: July 2018

while US oil prices were down from last week’s final quote for the 4th week in a row, the current front month oil contract managed to eke out a small increase over this past week…as the expiring US crude contract … Continue reading →

the key economic release of the past week was the 1st, or advance estimate of 2nd quarter GDP from the Bureau of Economic Analysis, which was accompanied by a benchmark revision to national accounts data over their entire history….the other … Continue reading →

rig count summary:   oil futures prices:

oil prices ended lower for the third week in a row, mostly due to a big selloff on Monday….after falling $2.84, or 3.8% to $71.01 a barrel last week on the resumption of Libyan oil exports, US crude for August … Continue reading →

major reports that were released this week included Retail Sales for June, the Business Sales and Inventories Report for May, and the June report on New Residential Construction, all from the Census Bureau, and the June report on Industrial Production … Continue reading →

rig count summary: EIA gas storage forecast: distillates supplies: retail sales:

oil prices ended sharply lower this week, after hitting an air pocket and dropping more than 5% on Wednesday, on the back of the announcement of the resumption of Libyan oil output…after falling a half percent to $73.80 a barrel … Continue reading →

major reports released this past week included the June Consumer Price Index, the June Producer Price Index, the June Import-Export Price Index, and the Job Openings and Labor Turnover Survey (JOLTS) for May, all of which came from the Bureau … Continue reading →

rig count summary: gasoline production: distillates production: OPEC oil output:’ global oil output: global oil demand:

US oil prices fell for the first time in 3 weeks this week, mostly on news of a surprise increase in US oil inventories, while international prices fell even more, mostly on news of higher global oil output…after rising 8% … Continue reading →