Monthly Archives: January 2023

oil prices ended lower for the first time in three weeks on rising inventories and disappointment in Europe’s proposals to restrict Russian fuel exports….after rising 1.9% to a two month high of $81.64 a barrel last week, the contract price … 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, while other widely watched reports included the advance report on durable goods … Continue reading →

natural gas prices settle at a 19 month low; global oil production exceeded demand by 520,000 barrels per day in December; despite OPEC production that was 854,000 barrels per day below their reduced quota US oil prices finished higher for … Continue reading →

Major reports that were released this past week included the Advance Retail Sales Report for December and the accompanying Business Sales and Inventories report for November from the Census Bureau, the December Producer Price Index and the December Import-Export Price … Continue reading →

natural gas prices are at an 18 month low after first January inventory increase on record; commercial crude oil inventories saw largest jump in 22 months, but the Strategic Petroleum Reserve fell to a new 39 year low US oil … Continue reading →

Major agency reports that were released the past week included the December Consumer Price Index from the Bureau of Labor Statistics and the November report on Wholesale Trade, Sales and Inventories from the Census Bureau….also this week, the Fed released … Continue reading →

natural gas prices are lowest in a year; US oil supplies are at a new 36½ year low, Strategic Petroleum Reserve is at a new 39 year low; oil + oil products supplies are at an 18½ year low US … Continue reading →

The major economic reports released the past week were the Employment Situation Summary for December and the Job Openings and Labor Turnover Survey (JOLTS) for November, both from the Bureau of Labor Statistics (BLS), the November report on our International … Continue reading →

natural gas prices are at a ten month low; US oil supplies are at a 36½ year low, Strategic Petroleum Reserve is at a 39 year low; oil + oil products supplies are at an 18½ year low US oil … 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 →