Monthly Archives: April 2020

oil prices finished lower for the eighth week ​out of the last nine this past week, but the real oil price story this week was what happened on Monday, when oil prices went to zero and then turned significantly negative, … Continue reading →

Widely watched releases of the past week included the March advance report on durable goods and the March report on new home sales, both from the Census bureau, and the Existing Home Sales Report for March from the National Association … Continue reading →

oil prices: April 17th rig count: April 24 rig count:

The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending April 10th indicated that an increase in our oil exports was not enough to offset a … Continue reading →

Major monthly reports released this past week included the Retail Sales report for March and the Business Sales and Inventories report for February from the Census Bureau, the March report on Industrial Production and Capacity Utilization from the Fed, and … Continue reading →

retail sales: OPEC’s oil output: global oil supply: global oil demand: OPEC+’s COVID-19 cuts

retail sales: OPEC’s oil output: global oil supply: global oil demand: OPEC+’s COVID-19 cuts

2nd largest build of gasoline stores on record: refinery utilization at the lowest since September 2008 (hurricane Ike), refining the fewest barrels in 9 years; rig count at a 40 month low oil prices finished lower for the sixth week … Continue reading →

Regular monthly reports released this week included the March Consumer Price Index, the March Producer Price Index, and the Job Openings and Labor Turnover Survey (JOLTS) for February, all from the Bureau of Labor Statistics, while the Census Bureau released … Continue reading →

rig count summary: