Monthly Archives: January 2022

oil prices hit 7 year high, natural gas price hits 14 year high on largest one day price jump on record; natural gas supplies see largest draw this winter; gasoline inventories up most in any 4 week period since Jan … Continue reading →

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 →

oil prices hit a 7 year high as US oil supplies neared a 10 year low and Strategic Petroleum Reserve fell to another 19 year low; gasoline inventory increase over 3 weeks is largest on record, gasoline imports at a … 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)….otherwise, the … Continue reading →

Strategic Petroleum Reserve at a new 19 year low; commercial crude inventories fall to 45 month low, total US oil supplies lowest since January 20th 2012; implied gasoline demand at 11 month low; largest jump in drilling rigs since April … Continue reading →

Major reports that were released this past week included the December Consumer Price Index, the December Producer Price Index, and the December Import-Export Price Index, all from the Bureau of Labor Statistics; the Advance Retail Sales Report for December, the … Continue reading →

Strategic Petroleum Reserve at a new 19 year low; total crude supplies near a 10 year low; gasoline production & gasoline demand fall by most in 21 months; gasoline supplies rise by most in 21 months; distillate supplies rise by … Continue reading →

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

oil prices rose 55% in 2021, the most since 2009; with oil in the Strategic Petroleum Reserve at fresh 19 year low, total crude supplies fell to a 118 month low; distillate supplies fell to a 21 month low, leading … Continue reading →

With the major month end reports already released last week, the only widely watched report released this week was the Case-Shiller Home Price Index for October from S&P Case-Shiller, which doesn’t even report any prices of homes, but just a … Continue reading →