Monthly Archives: May 2021

oil prices rose for the fourth week in five as strong US economic data ​fed optimism on ​the outlook for ​fuel demand.. after falling 2.7% to $63.58 a barrel last week on fears of a deal that would lift sanctions … Continue reading →

The key economic releases of the past week were the second estimate of 1st quarter GDP from the Bureau of Economic Analysis and the April report on Personal Income and Spending, also from the BEA, a report which provides 23% … Continue reading →

rig count summary:

oil prices fell for the first time in 4 weeks this week, tumbling from a 2 year high to a one month low, on progress toward a deal that would lift sanctions on Iranian crude… after rising 0.7% to $65.37 … Continue reading →

Just two widely watched reports were released this week: the April report on New Residential Construction from the Census Bureau and the Existing Home Sales Report for April from the National Association of Realtors…in addition, the Bureau of Labor Statistics … Continue reading →

rig count summary:

oil prices again ended slightly higher this week, as markets gyrated after a major oil product pipeline was hacked and shut down…after rising 2.1% to $64.90 a barrel last week as traders anticipated higher demand for fuel as global economies … Continue reading →

Regular monthly reports that were released this week included the the April Consumer Price Index, the April Producer Price Index and the April Import-Export Price Index from the Bureau of Labor Statistics, the Retail Sales report for April and the … Continue reading →

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

record jump in oil exports to a 54 week high leads to largest crude inventory draw since January​, with ​12 million barrels still unaccounted for; refinery utilization rate is highest in 58 weeks; ​gas rigs see largest increase in 37 … Continue reading →