Monthly Archives: October 2021

oil prices at 7 year high after longest string of weekly gains on record; mid-october gasoline demand at a seasonal record high; gasoline supplies at a 23 month low; distillate supplies at an 18 month low; DUC backlog at 6.1 … Continue reading →

Widely watched reports that were released this past week included Industrial production and Capacity Utilization for September from the Fed,the September report on New Residential Construction from the Census Bureau, and the Existing Home Sales Report for September from the … Continue reading →

oil prices at a 7 year high; largest US oil inventory build in 7 months; gasoline imports at an 8 month low; global oil shortage at 2,400,000 barrels per day​ as OPEC output is ​375,000 barrels per day short of​ … Continue reading →

Major reports released this past week included the September Consumer Price Index, the September Producer Price Index, and the September Import-Export Price Index from the Bureau of Labor Statistics, the Retail Sales report for September and the corresponding Business Sales … Continue reading →

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

Oil prices finished higher for the 7th straight week after OPEC decided to only add the minimum to global supplies in the coming months….after rising 2.6% to $75.88 a barrel last week as rising global demand amid tight supplies more … Continue reading →

Major agency reports released this past week included the the Employment Situation Summary for September from the Bureau of Labor Statistics, the August report on our International Trade from the Commerce Dept, and the Full Report on Manufacturers’ Shipments, Inventories … Continue reading →

rig count summary: oil prices:

Oil prices rose for a sixth consecutive week as rising global demand amid tight supplies more than offset higher US inventories….after rising 3.0% to $73.98 a barrel last week as U.S. crude inventories fell to a 35 month low and … Continue reading →

The key economic releases of the past week were the 3rd estimate of 2nd quarter GDP from the Bureau of Economic Analysis, and the August report on Personal Income and Spending, also from the BEA, which includes 2 months of … Continue reading →