Monthly Archives: May 2020

rig count summary:

oil prices moved higher for a 4th consecutive week this week on a large drop in US crude supplies and ​on ​a continued easing of restrictions imposed in the wake of the coronavirus crisis….after rising 19% to $29.43 per barrel … Continue reading →

Just two widely watched reports were released this week: the April report on New Residential Construction from the Census Bureau and the Existing Home Sales Report for April from the National Association of Realtors…other than those, another regional Fed manufacturing … Continue reading →

rig count summary:

oil prices rose for a third week in a row this past week, after the Saudis announced additional production cuts and the EIA reported the first withdrawal from US crude supplies in sixteen weeks….after rising 25% to $24.74 a barrel … Continue reading →

Regular monthly reports that were released this week included the the April Consumer Price Index, the April Producer Price Index and the April Import-Export Price Index from the Bureau of Labor Statistics, the Retail Sales report for April and the … Continue reading →

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

oil prices rose for a second week as US oil producers curtailed production and states began to loosen restrictions on travel that had been imposed in the wake of the coronavirus pandemic…after rising 17% to $19.78 a barrel last week … Continue reading →

Major economic reports released the past week include the Employment Situation Summary for April from the Bureau of Labor Statistics, and three March reports that include metrics which were estimated in last week’s advance estimate of 1st quarter GDP:  the … Continue reading →

rig count summary: