Monthly Archives: March 2022

US oil supplies are at a 13½ year low, but oil exports are at a 8 month high; SPR at a 19½ year low after biggest draw since August 2011; gasoline exports are at a 39 month high; distillate supplies … Continue reading →

The only widely watched economic releases of the past week were the advance report on durable goods for February and the February report on new home sales, both from the Census bureau…the week also included the release of the Chicago … Continue reading →

Commercial crude supply rises but SPR at new 19½ year low, total oil + products supplies at new 95 month low; exports of distillates at a 20 month high after largest drop in domestic demand in 18 months; natural gas … Continue reading →

Major monthly reports released over the past week included the Retail Sales report for February and the cojoined Business Sales and Inventories for January from the Census Bureau, the February report on Industrial Production and Capacity Utilization from the Fed, … Continue reading →

oil jumps $15 to a 13½ year high, then falls $21; US oil supplies at a 13 year low; SPR at a 19½ year low, total oil + products supplies at a 94 month low after across the board draws; … Continue reading →

Major reports released this week included the February Consumer Price Index and the Job Openings and Labor Turnover Survey (JOLTS) report for January, both from the Bureau of Labor Statistics, the Commerce Dept’s report on our International Trade for January, … Continue reading →

oil prices see largest jump on record to a 13 ½ year high; US oil supplies at a 13 year low; SPR at a 19 ½ year low, total oil + products supplies at a 94 month low after across … Continue reading →

This week’s major releases included the Employment Situation Summary for February and two reports that will provide source data for 1st quarter GDP: the January report on Construction Spending, and the Full Report on Manufacturers’ Shipments, Inventories and Orders for … Continue reading →