Monthly Archives: January 2020

oil prices fall by the most since May on pandemic fears; natural gas prices end at another life of contract low; gasoline supplies rise to a record high; natural gas rigs fall to a 38 month low; fracking falls to … Continue reading →

The only widely watched report that was released this past week was the existing home sales report for December from the National Association of Realtors (NAR); the week also saw the release of the Regional and State Employment and Unemployment … Continue reading →

rig count summary: heating demand through January 17th:

oil prices finished lower for a second week as geopolitical fears unwound and oil traders shifted their focus to an imaginary oil glut and sluggish demand….after falling 6.4% to $59.04 a barrel last week because the exchange of missile attacks … Continue reading →

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

retail sales: rig count summary: OPEC production: global supply:   global demand:   OPEC supply cuts plus adjustment: .

oil prices fell for the first ​​week in six​​ and by the most in one week since July​ this past week​, following the lack of any significant disruption to oil supplies in the wake of ​the latest U.S.-Iran ​missile exchange…after … Continue reading →

Major economic reports released the past week were the Employment Situation Summary for December from the Bureau of Labor Statistics, the November report on our International Trade from agencies within the Commerce Dept, and the Full Report on Manufacturers’ Shipments, … Continue reading →

rig count summary:

oil prices ended higher for a 5th week in a row and for the eighth week out of the past nine, as US oil supplies fell much more than was expected while the US assassination of Iran’s top general and … Continue reading →