Monthly Archives: November 2018

oil prices were lower for a 7th consecutive week, with this week’s losses accelerating to the largest weekly drop since December 2014…after falling 6.2% to $56.46 barrel on a building oil glut last week, prices of US oil for December … Continue reading →

Widely watched reports released this week included the Advance Report on Durable Goods for October and the October report on New Residential Construction, both from the Census bureau, and the Existing Home Sales Report for October from the National Association … Continue reading →

rig count summary: weekly change in natural gas inventories: daily average temperatures: heating demand: deviation in heating demand: oil prices:

oil prices fell for the 6th week in a row, extending their record losing streak to twelve days before recovering a small fraction of their earlier losses…after falling 4.7% to $60.19 a barrel on the US waiver of Iran sanctions … Continue reading →

Major reports released this week included Retail Sales Report for October and the Business Sales and Inventories Report for September from the Census Bureau, the October Consumer Price Index and the October Import-Export Price Index from the Bureau of Labor … Continue reading →

retail sales: rig count summary: regional daily temperatures to November 15: OPEC oil output: global oil output: global oil demand:

oil prices were again lower every day this past week, ​& ​hence extend​ed the number of consecutive daily losses to ten, the longest streak of lower oil prices in records going back to November 1984…after falling daily last week to … Continue reading →

Major agency reports that were released the past week included the September Producer Price Index and the Job Openings and Labor Turnover Survey (JOLTS) for September, both from the Bureau of Labor Statistics, and the August report on Wholesale Trade, … Continue reading →

rig count summary: 6 to 10 day outlook as of Nov 5th: oil prices: natural gas prices:

oil prices were down every day the past week in the largest weekly price drop since ​early ​February, and ended more than 17% below the 4 year high they set ​just ​one month ago…after falling 2.4% to $67.59 a barrel … Continue reading →