Monthly Archives: November 2020

oil prices rose for a 4th consecutive week in a rally sustained by the belief that one or more of the new vaccines would soon end the pandemic…after rising 5% to $42.42 a barrel last week on the promise of … Continue reading →

The key economic reports released this week were the 2nd estimate of 3rd quarter GDP and the October report on Personal Income and Spending, both from the Bureau of Economic Analysis; other widely watched releases included the Advance Report on … Continue reading →

rig count summary:

largest mid-November addition of natural gas to storage in 19 years; DUC wells down on subdued drilling; well completions remain 69% lower than a year ago.. oil prices rose for a third consecutive week on the continued promise of a … Continue reading →

Major reports released this week included Retail Sales Report for October and the associated Business Sales and Inventories Report for September, both from the Census Bureau, the October report on Industrial Production and Capacity Utilization from the Fed, the October … Continue reading →

rig count summary: retail sales:

oil prices rose for a second straight week on hopes that a new vaccine would end the pandemic and thereby boost demand…after rising 3.6% to $37.14 a barrel last week on falling ​oil ​inventories and hopes for a grid-locked government, … Continue reading →

The major reports released this past week were the October Consumer Price Index, the October Producer Price Index, and the Job Openings and Labor Turnover Survey (JOLTS) for September, all from the Bureau of Labor Statistics… CPI Unchanged in October … Continue reading →

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

US oil prices managed an increase for the first time in three weeks as iinventories fell and traders figured the coming Congress was unlikely to pass legislation limiting resource exploitation…after falling 10.2% to $35.79 a barrel last week on surging … Continue reading →