Monthly Archives: August 2021

oil price percentage jump is most in 15 months; natural gas price jumps to 32 month high on biggest gain in 33 months; 4 week average of gasoline demand at a post pandemic high leaves gasoline supplies at a 42 … Continue reading →

The key economic reports that were released this week were the 2nd estimate of 2nd quarter GDP and the July report on Personal Income and Spending, both from the Bureau of Economic Analysis …the week also saw the release of … Continue reading →

rig count summary: oil prices: natural gas prices:

oil prices fell every day this week and ended sharply lower, as previously oblivious oil traders realized that we have a pandemic going on…after inching up 16 cents to $68.44 a barrel last week as concerns about a Covid related … Continue reading →

Major economic reports released this past week were the Retail Sales Report for July and the concurrent Business Sales and Inventories report for June, both from the Census bureau, the July report on Industrial Production and Capacity Utilization from the … Continue reading →

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

oil prices ended little changed this week, as concerns about a Covid related slowdown were offset by the passage of the infrastructure spending package in Congress… after falling 7.7% to $68.28 per barrel last week as US crude inventories rose … Continue reading →

Major economic reports released this past week were the July Consumer Price Index, the July Producer Price Index, the July Import-Export Price Index, and the Job Openings and Labor Turnover Survey (JOLTS) for June, all of which came from the … Continue reading →

rig count summary:

oil prices saw their greatest drop in 10 months​ this week​, as US crude inventories rose unexpectedly and rising Covid cases prompted economic restrictions worldwide…. after rising 2.6% to $73.95 a barrel last week as crude, gasoline, and distillates supplies … Continue reading →