Monthly Archives: July 2020

oil prices ended 1.7% higher this past week on hopes for a virus vaccine and on economic reports that suggested the demand recovery was intact…. after rising 4 cents, or 0.1% to $40.59 per barrel last week as big drop … Continue reading →

There were just two widely watched reports released this past week: the June report on new home sales from the Census bureau and the June report on existing home sales from the National Association of Realtors (NAR)….this week also saw … Continue reading →

rig count summary: distillate inventories:

oil prices again ended little changed this week after trading in a fairly narrow range, as a big drop in US crude supplies was offset by an OPEC announcement that they’d begin increasing production in August…after slipping 0.3% to $40.55 … Continue reading →

Major reports that were released this week included the June Consumer Price Index from the Bureau of Labor Statistics, the Retail Sales Report for June, the Business Sales and Inventories Report for May, and the June report on New Residential … Continue reading →

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

US oil prices were little changed this week, as better than expected economic reports were offset by the threat of rising coronavirus cases….after rising 5% to $40.65 a barrel last week on improving economic data and on falling US crude … Continue reading →

Major reports released this past week included the June Producer Price Index, and the Job Openings and Labor Turnover Survey (JOLTS) for May, both of which came from the Bureau of Labor Statistics, and the May report on Wholesale Trade, … Continue reading →

rig count summary: revolving credit:

2nd quarter oil prices rose by the most in any quarter in 30 years, but were still down 36% year to date, natural gas prices ended their best quarter in 2 years just 2 days after hitting a 25 year … Continue reading →