Monthly Archives: April 2019

oil prices ended the week lower for the first time in eight weeks, largely on a big Friday selloff that began after Trump told reporters he had “called up” OPEC and told them to bring down fuel costs, even as … Continue reading →

The key economic report of this past week was the advance estimate of 1st quarter GDP from the Bureau of Economic Analysis, which was released on Friday; other widely watched releases included the March advance report on durable goods and … Continue reading →

rig count summary: inventory bar graphs:

oil prices managed to increase for a 7th week in a row in slow trading in a holiday shortened week, but not by much, as traders remained cautious while waiting for clarification on Iran sanction exemptions that are due to … Continue reading →

Major monthly reports released this week included the Commerce Dept report on our International Trade for February, the Retail Sales report for March and the Business Sales and Inventories report for February from the Census Bureau, the March report on … Continue reading →

rig count summary: natural gas prices: retail sales:

oil prices rose for a 6th straight week and are now up 38% since the beginning of the year, with this week’s increase underpinned by a new OPEC report that showed they’d cut their output to the lowest in 4 … Continue reading →

Regular monthly reports released this week included all three major price indexes used by the BEA to adjust goods and services for inflation: March Consumer Price Index, the March Producer Price Index, and the March Import-Export Price Index, all of … Continue reading →

rig count summary: OPEC production: global oil supply: global oil demand:

oil prices rose for a 5th straight week in continuing the rally that began after Christmas, and have now risen 37% since the beginning of the year…after rising 1.9% to $60.14 a barrel last week, largely on indications of tighter … Continue reading →