Monthly Archives: February 2020

rig count summary: oil prices: natural gas prices: April natural gas:

oil prices rose for a 2nd week, following 5 straight weeks of price markdowns, as​ supply cutoffs ​in Libya and Venezuela and the falling rate of new coronavirus infections in China​ supported prices​…after rising 3.4% to $52.05 a barrel as … Continue reading →

Major reports that were released this past week included the January Producer Price Index from the Bureau of Labor Statistics, the January report on New Residential Construction from the Census Bureau, and the Existing Home Sales Report for January from … Continue reading →

rig count summary:

natural gas prices hits another 4 year low; natural gas drilling at another 39 month low; demand revisions leave 610,000 barrel per day global oil surplus in January… oil prices ended higher for the first week in six and by … Continue reading →

Major reports released this week included the January Consumer Price Index and the January Import-Export Price Index from the Bureau of Labor Statistics, the Retail Sales Report for January and the Business Sales and Inventories Report for December from the … Continue reading →

rig count: retail sales: job openings graph OPEC output: global oil supply: global oil demand:

oil prices fell for a fifth consecutive week this past week as demand destruction in China overwhelmed OPEC’s attempts to stabilize prices …after falling 4.9% to $51.56 a barrel on fears of a pandemic last week, the benchmark price of … Continue reading →

The major economic releases from the past week included the Employment Situation Summary for January from the Bureau of Labor Statistics and four December reports that included metrics which were either estimated or included in last week’s release of 4th … Continue reading →

rig count summary: