Monthly Archives: April 2021

rig count summary:

oil prices moved lower this week on rising Covid cases globally​and on a surprise increase in US crude supplies… after rising 6.1% to $63.13 a barrel last week on strong economic data and on upwardly revised demand forecasts, the contract … Continue reading →

There were just two widely watched reports released this past week; the March report on new home sales from the Census bureau, and the Existing Home Sales Report for March from the National Association of Realtors (NAR)….also released this week … Continue reading →

rig count summary:

oil prices finished higher this week on strong US economic data after OPEC and the IEA had already revised their oil demand forecasts higher…after falling 3.5% to $59.32 a barrel last week on rising ​oil ​supplies and fears of falling … Continue reading →

Major monthly reports released this past week included the March Consumer Price Index from the Bureau of Labor Statistics, the March report on Industrial Production and Capacity Utilization from the Fed, and the Retail Sales report for March, the Business … Continue reading →

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

oil prices fell for the fourth week in five this week, on rising oil supplies and on the prospect of pandemic related falling demand…after rising 0.8% to $61.45 a barrel last week on expectations that the Biden infrastructure plan would … Continue reading →

Major monthly reports released over the past week included the Commerce Department’s report on our International Trade for February, the Producer Price Index for March and the Job Openings and Labor Turnover Survey (JOLTS) for February, both from the Bureau … Continue reading →

rig count summary: