Monthly Archives: October 2019

oil prices rose more than 5% over the past week on a surprise drop in US crude supplies, a promise of deeper output cuts from OPEC, and hopes for a U.S.-China trade deal…after falling 92 cents or 1.7% to $53.78 … Continue reading →

Widely watched reports released this past week included the advance report on durable goods for September and the September report on new home sales, both from the Census bureau, and the Existing Home Sales Report for September from the National … Continue reading →

rig count summary:

oil prices ended modesty lower this week, largely on disappointment in the details of a proposed US-China trade deal and on a big jump in US oil supplies…after rising nearly 4% to $54.70 a barrel on the promise of further … Continue reading →

Major reports released this past week included Retail Sales for September and the corresponding Business Sales and Inventories report for August from the Census Bureau, Industrial production and Capacity Utilization for September from the Fed, the September report on New … Continue reading →

rig count summary: natural gas in storage: retail sales:

oil prices ended higher this past week, as prospects for a US-China trade deal rallied financial ​and ​commodity markets worldwide….after falling more than 5% to $52.81 a barrel on weak economic data and the Saudi’s production recovery last week, prices … Continue reading →

Major reports released this past week included the September Consumer Price Index, the September Producer Price Index, and the September Import-Export Price Index from the Bureau of Labor Statistics, which together give us most of the metrics needed to adjust … Continue reading →

rig count summary: OPEC production, self reported: OPEC production, official: global oil supply: global oil demand:

oil prices saw their largest weekly drop since mid-July on weak economic data, but managed to break an eight day losing streak on Friday when the September employment report was not as bad as some feared…after falling 3.6% to $55.91 … Continue reading →