Monthly Archives: November 2022

US oil supplies at a 21½ year low, Strategic Petroleum Reserve at a 38½ year low; highest November refinery utilization rate since 2004; biggest jump in oil imports since February 2021; DUCs rise first time in 28 months  US oil … Continue reading →

There were just two widely watched economic reports released this week: the Advance Report on Durable Goods for October and the October report on new home sales, both from the Census bureau. The week also saw the release of the … Continue reading →

US natural gas supplies back to pre-winter average on Freeport outage; US oil supplies at a 21½ year low, Strategic Petroleum Reserve at a 38½ year low, oil + oil products supplies at an 18 year low; global oil supply … Continue reading →

Major reports released over the past week included Retail Sales Report for October and the associated Business Sales and Inventories Report for September, both from the Census Bureau,the October report on Industrial Production and Capacity Utilization from the Fed, the … Continue reading →

US oil prices finished lower for the first week in three this week, as a widening Covid outbreak in China and subsequent lockdowns drove global prices all week… after rising 5.4% to $92.61 a barrel last week following Biden’s threat … Continue reading →

There were just two major reports released this past week: the October Consumer Price Index from the Bureau of Labor Statistics, and the September report on Wholesale Trade, Sales and Inventories from the Census Bureau… CPI Rose 0.4% in October … Continue reading →

US gasoline supplies at an 95 month low after gasoline imports fell to a 47 month low; US oil supplies at a 21 year low, Strategic Petroleum Reserve at a 38 year low, oil + oil products supplies at a … Continue reading →

Major economic reports that were released the past week included the Employment Situation Summary for October and the Job Openings and Labor Turnover Survey (JOLTS) for September, both from the Bureau of Labor Statistics, and three September reports that included … Continue reading →