Monthly Archives: February 2019

oil prices rose on OPEC’s deep supply cuts for a second week, bolstered by optimism that US and Chinese negotiators would reach a trade deal before Trump’s punitive tariffs take hold on March 1st…after rising 5.4% to $55.59 a barrel … Continue reading →

The only widely watched reports that were released this past week were the Advance Report on Durable Goods for December from the Census Bureau and the Existing Home Sales Report for January from the National Association of Realtors (NAR)…the December … Continue reading →

rig count summary: temperature anomalies for the report week: oil exports:

oil prices pushed to a three month high this week, largely on the news that OPEC had met its production cut quota in January, and was cutting oil output even further in February…after falling 4.6% to $52.72 a barrel on … Continue reading →

This week saw the release of seven regular monthly agency reports, with 5 of them released as they were originally scheduled and two released a month late, delayed by the government shutdown…the on time reports included the January Consumer Price … Continue reading →

retail sales:

rig count summary: temperature anomalies: crude oil imports: OPEC output: OPEC quotas: global oil supply: global oil demand:

oil prices gave up last week’s gains and then some this week, while still remaining in the same narrow range they’ve been in over the past month…after rising nearly 3% to $55.26 a barrel on the new sanctions on Venezuelan … Continue reading →

The major economic reports released this past week were the November report on our International Trade and the Full Report on Manufacturers’ Shipments, Inventories and Orders for November, both from the Census Bureau….those reports had originally been scheduled for Monday … Continue reading →

rig count summary: oil production: natural gas inventories: daily regional average temperatures: