Monthly Archives: September 2019

oil prices retreated this week after reports that Saudi Arabia’s oil production had been completely restored after the crippling September 14th drone strike, with prices briefly falling below their September 13th closing low…after rising 6% to $58.09 a barrel in … Continue reading →

The key economic releases of the past week were the 3rd estimate of 2nd quarter GDP from the Bureau of Economic Analysis, and the August report on Personal Income and Spending, also from the BEA, which includes 2 months of … Continue reading →

rig count summary: week’s temperature anomalies:

oil prices were much higher in volatile trading this past week in the wake of the drone & missile attack on Saudi oil infrastructure last Saturday, with the biggest move coming in the opening hour of trading​ on​ Monday…after falling … Continue reading →

The widely watched monthly reports that were released this past week were the August Industrial Production and Capacity Utilization report from the Fed, the August report on New Residential Construction from the Census Bureau and the Existing Home Sales Report … Continue reading →

rig count summary: crude oil trading volume:

oil prices fell for the first time in 3 weeks after Trump fired national security advisor and reprobate warhawk John Bolton, which oil traders took to mean that a war with Iran was less likely, thus reducing risks of a … Continue reading →

Major reports released this past week included the August Consumer Price Index, the August Producer Price Index, the August Import-Export Price Index, and the Job Openings and Labor Turnover Survey (JOLTS) report for July, all from the Bureau of Labor … Continue reading →

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

oil prices rose for a second week in a row on a third consecutive larger than expected drop in US crude inventories and renewed optimism about a China trade deal… after rising 1.7% to $55.10 a barrel last ​week ​on … Continue reading →