Monthly Archives: August 2018

oil prices rose this week for the first time in eight weeks, even as the front month contract shifted to October oil midweek, which was, at the time, priced $1.51 a barrel less than the expiring September contract…after falling $1.72 … Continue reading →

This week’s widely watched releases included the July advance report on durable goods and the July report on new home sales, both from the Census bureau, and the Existing Home Sales Report for July from the National Association of Realtors … Continue reading →

rig count summary: natural gas supplies:

oil prices ended lower for the 7th week in a row, although as we’ve explained previously, one week in that stretch was due to the switch from quoting the August oil contract to quoting the lower priced September oil contract….after … Continue reading →

The past week’s key reports were the Retail Sales for July and Business Sales and Inventories for June, both from the Census bureau, the July report on Industrial Production and Capacity Utilization from the Fed, and the July report on … Continue reading →

retail sales: rig count summary: refinery throughput: official OPEC production: OPEC production, as reported: global oil supplies: global oil demand:

oil prices ended lower for the 6th week in a row, largely on a Wednesday selloff tied to a major escalation of the ongoing trade war between the Trump administration and China…after slipping 20 cents to $68.49 a barrel last … Continue reading →

Government agency reports released this past week included the the July Consumer Price Index and the July Producer Price Index from the Bureau of Labor Statistics, and the June report on Wholesale Trade, Sales and Inventories from the Census Bureau…the … Continue reading →

rig count summary: oil production:

oil prices were lower for the 5th week in a row, albeit with an asterisk, because as we noted last week, the quoted US price for September oil, which is the current front month contract, did see a 43 cent … Continue reading →