Monthly Archives: July 2019

oil prices eked out a small increase this past week, as ongoing oil tanker trouble in the Persian Gulf and a large US inventory withdrawal outweighed ​the impact of falling demand from ​a global economic slowdown.​..​ after falling 7% to … Continue reading →

The key economic release of the past week was the 1st, or advance estimate of 2nd quarter GDP from the Bureau of Economic Analysis, which was accompanied by an annual revision to national accounts data over the prior five years…..the … Continue reading →

rig count summary:

oil prices fell more than 7% this week as Gulf of Mexico production came back on line and tensions between Iran and the US showed signs of easing…after rising nearly 5% to $60.21 a barre last week as tropical storm … Continue reading →

Major reports that were released this week included Retail Sales for June, the Business Sales and Inventories Report for May, and the June report on New Residential Construction, all from the Census Bureau, and the June report on Industrial Production … Continue reading →

rig count summary: temperature anomalies:

retail sales:

oil prices jumped to a six week high midweek as tropical storm Barry meandered thru the Gulf and forced the shut in of over half of US offshore production….after falling 1.6% to $57.51 a barrel after the OPEC output cut … Continue reading →

Major reports released this past week included the June Consumer Price Index, the June Producer Price Index, and the Job Openings and Labor Turnover Survey (JOLTS) for May, all of which came from the Bureau of Labor Statistics, and the … Continue reading →

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