Monthly Archives: January 2021

This week’s key reports were the advance estimate of 4th quarter GDP and the December report on Personal Income and Spending, both from the Bureau of Economic Analysis…other widely watched reports included the advance report on durable goods for December … Continue reading →

rig count summary:

oil prices finished lower for just the second time in 12 weeks this week, as a surprise crude inventory increase cut off a rally that had been underpinned by hope that the Biden stimulus plan would boost demand for fuel….after … Continue reading →

The only widely watched reports that were released this past week were the New Residential Construction report for December(pdf) from the Census Bureau, and the existing home sales report for December from the National Association of Realtors (NAR)…the week also … Continue reading →

rig count summary:

oil prices managed an increase for the tenth time out of the past eleven weeks despite a sharp selloff on Friday, as strength in equities, a weaker dollar, and strong Chinese demand bouyed prices…after rising 7.7% to a ten month … Continue reading →

Major reports that were released this past week included the December Consumer Price Index, the December Producer Price Index, the December Import-Export Price Index, and the Job Openings and Labor Turnover Survey (JOLTS) for November, all from the Bureau of … Continue reading →

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

oil exports at a forty-one week high & refinery utilization ​at a 19 week high led to largest drop in crude supplies since August; gasoline production fell ​by ​the most since March to a 7 month low, but gasoline demand … Continue reading →

The major economic reports released the past week were the Employment Situation Summary for December from the Bureau of Labor Statistics, the November report on our International Trade from agencies within the Commerce Dept, and the November report on Construction … Continue reading →