Monthly Archives: February 2022

US oil price tops $100 for first time since July 2014; SPR at a new 19 year low; total oil + products supplies, including SPR, at a 7 3/4 year low; distillate supplies at 26 month low; natural gas drilling … Continue reading →

The key economic reports released during the past week were the 2nd estimate of 4th quarter GDP and the January report on Personal Income and Spending, both from the Bureau of Economic Analysis; other widely watched releases included the advance … Continue reading →

US oil supplies are at a 13 year low, Strategic Petroleum Reserve at a 19 year low; total oil + products supplies at a 7 1/2 year low; distillate supplies are at 26 month low after refinery freeze offs; DUCs … Continue reading →

Major reports that were released this past week included the Retail Sales Report for January and the Business Sales and Inventories Report for December from the Census Bureau, the January report on Industrial Production and Capacity Utilization from the Fed, … Continue reading →

oil prices settle at a new seven year high, oil supplies fall to new 10 year low with SPR at a 19 year low; total oil & products supplies at 7 1/2 year low after across the board inventory draw; … Continue reading →

Major reports released this week included the January Consumer Price Index from the Bureau of Labor Statistics, the Commerce Department’s report on our International Trade for December, and the December report on Wholesale Trade, Sales and Inventories from the Census … Continue reading →

oil prices at a new 7 year high, oil supplies at a new 10 year low; SPR at a new 19 year low; total oil & products supplies at 7 1/2 year low; Omicron’s hit to demand leads to largest … Continue reading →

The major economic releases from the past week included the Employment Situation Summary for January and the Job Openings and Labor Turnover Survey (JOLTS) report for December, both from the Bureau of Labor Statistics, and two December reports that included … Continue reading →