Monthly Archives: April 2023

Strategic Petroleum Reserve at another 39 year low, US gasoline demand at a 16 month high after the biggest one week jump in 22 years US oil prices finished lower for a second straight week, and completely reversed the prior … Continue reading →

The key economic releases from the past week that we’ll review today are the advance estimate of 1st quarter GDP and the concurrent March report on Personal Income and Spending, both from the Bureau of Economic Analysis; other widely watched … Continue reading →

US oil prices finished the week lower for the first time in five weeks as a fear of an interest rate hike induced recession outweighed falling oil supplies and stronger than expected economic reports …after rising 2.3% to $82.52 a … Continue reading →

There were just two widely watched reports released this past week; the March report on New Residential Construction from the Census bureau, and the Existing Home Sales Report for March from the National Association of Realtors (NAR)….In addition, the week … Continue reading →

​record drop in US oil exports​; Strategic Petroleum Reserve at a 39 year low; global oil production exceeded demand by 350,000 barrels per day during March, despite Russian cuts and OPEC production that was 1,024,000 barrels per day below their … Continue reading →

Major monthly reports released this past week included the March Consumer Price Index, the March Producer Price Index, and the March Import-Export Price Index, all from the Bureau of Labor Statistics, the Retail Sales report for March, the Business Sales … Continue reading →

US oil prices rose for a third consecutive week after key members of OPEC agreed to cut production by another 1.16 million barrels per day from May until the end of the year….after rising 9.3% to $75.67 a barrel last … Continue reading →

Major monthly economic reports released over the past week included the Employment Situation Summary for March and the Job Openings and Labor Turnover Survey (JOLTS) for February, both from the Bureau of Labor Statistics, the Commerce Department report on our … Continue reading →

US oil prices rose for a second straight week after pipeline exports from Iraq were cut off and US oil supplies fell by much more than was expected …after rising 3.5% to $69.26 a barrel last week as oil traders … Continue reading →

The key reports released this week were the 3rd estimate of 4th quarter GDP and the February report on Personal Income and Spending from the Bureau of Economic Analysis….in addition, the week also saw the widely watched Case-Shiller Home Price … Continue reading →