Monthly Archives: December 2018

oil prices ended lower for the 3rd week in a row in quite volatile trading that largely synched with the wild gyrations in wall street markets this week, which in turn were driven by year end tax strategies of hedge … Continue reading →

With the major month end reports already released last week, the only widely watched agency report that was scheduled for this week was the Census report on New Residential Sales for November; however, with the government shut down by a … Continue reading →

rig count summary: regional average temps Dec 14 to December 27th: national temperature deviation map:

oil prices saw their largest decrease in nearly three years​ this week,​ amid turmoil ​in ​global financial ​markets ​and domestic political chaos….after falling 2.7% to $51.20 a barrel last week despite the OPEC led agreement to remove 1.2 million barrels … Continue reading →

In advance of the holidays, several of the reports that are normally released during the last week of the month were accelerated into this week…that meant that we had the 3rd estimate of 3rd quarter GDP and the November report … Continue reading →

rig count summary: Platts rig count map: regional temps Nov 30 to December 13: regional temps Dec 7 to December 20th:

oil prices ended lower this week, despite last Friday’s agreement between OPEC, Russia and other oil producers to cut output by 1.2 million barrels per day during the first half of 2019…after ending last week 3.3% higher at $52.61 a … Continue reading →

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

retail sales: rig count summary: OPEC output: global oil supply: global oil demand:

oil prices rose for a second week after 7 ​weeks of ​decreases in volatile trading this past week, as shifting stories out of Washington and the OPEC meeting in Vienna led to large intraday price swings…after rising roughly 1% even … Continue reading →