Monthly Archives: January 2019

oil prices slipped this week for the first time in 4 weeks, in trading that was somewhat less volatile than what we’ve seen over the past few months, suggesting that prices may be entering a trading range…after rising 4.3% to … Continue reading →

the only major report that was released this past week was the existing home sales report for December from the National Association of Realtors (NAR); the regular Census bureau releases of the advance report on durable goods for December and … Continue reading →

rig count summary: gasoline supplies: oil & product inventories: week’s temperature deviation map: daily temperatures:

oil prices rose for a third consecutive week, and while they ended the week more than 20% higher than their December 27th nadir, they still remain almost 30% below their October 3rd closing high…after rising 7.6% to $51.59 a barrel … Continue reading →

The major reports released this week were the December report on Industrial Production and Capacity Utilization from the Fed, and the December Producer Price Index and the December Import-Export Price Index, both from the Bureau of Labor Statistics…in addition, the … Continue reading →

rig count summary: natural gas inventories: temperature anomalies: December OPEC production: global oil production: global oil demand: US oil & product inventories:

oil prices were again higher this week, largely on optimistic chatter coming out of the US-China trade talks in Beijing, but finally snapped their longest rally in 9 years when prices fell back for the first time since December 27th … Continue reading →

Major reports that were released this past week included the December Consumer Price Index and the Job Openings and Labor Turnover Survey (JOLTS) for November, both from the Bureau of Labor Statistics, which had funding prior to the government shutdown…major … Continue reading →

rig count summary: distillate supplies: oil & product inventories: delinquent and foreclosed loan counts:

oil prices rebounded into the new year, rising every day this week, largely on news of a drop in OPEC output and hints of progress on resolving the U.S.-China trade imbroglio…after falling 0.6% to $45.33 a barrel in volatile trading … Continue reading →