Monthly Archives: September 2020

oil prices fell for the 3rd time in 4 weeks last week as coronavirus related demand concerns outweighed supply disruptions and falling inventories…after rising more than 10% to $41.11 a barrel last week​ ​after hurricane Sally cut output, US oil … Continue reading →

Widely watched monthly reports that were released this past week included the August advance report on durable goods and the August report on new home sales, both from the Census bureau, and the Existing Home Sales Report for August from … Continue reading →

rig count summary:

OPEC report indicates a global oil shortage of 1.57 million barrels per day in August; DUCs fell as completions rose and new wells drilled remained at all time low; November natural gas price is 28.6% higher than October natural gas … Continue reading →

Widely watched monthly reports that were released this past week included the Retail Sales Report for August and the Business Sales and Inventories report for July, both from the Census bureau, the August Industrial Production and Capacity Utilization report from … Continue reading →

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

US oil prices fell for a second straight week this week after the Saudis & Emirates marked down their prices on oil exports to Asia and domestic crude supplies increased…after falling more than 7% to $39.77 a barrel in the … Continue reading →

Major reports released this past week included the August Consumer Price Index, the August Producer Price Index, and the Job Openings and Labor Turnover Survey (JOLTS) report for July, all from the Bureau of Labor Statistics, and the Wholesale Trade, … Continue reading →

rig count summary:

oil prices finished lower for the first week in the past five as the dollar strenghtened and as equities sold off on fears of a slowing recovery….after rising 1.5% to $42.97 a barrel last week as two hurricanes shut down … Continue reading →