Monthly Archives: July 2023

oil prices at a 14 week high; the Energy Information Administration could not account for a record 2,415,000 barrels per day of domestic oil supplies this week US oil prices finished higher for a fifth straight week on tightening global … Continue reading →

Key economic releases of the past week were the 1st, or advance estimate of 2nd quarter GDP and the June report on Personal Income and Spending, both from the Bureau of Economic Analysis…other widely watched releases this week included the … Continue reading →

US oil prices finished higher for a fourth straight week after China reacted to weak​ economic​ data with a promise of fiscal stimulus​, and ​on growing evidence of coming supply shortages…after rising 2.1% to at $75.42 a barrel last week … Continue reading →

Major reports that were released this week included the Retail Sales Report for June, the June report on New Residential Construction and the Business Sales and Inventories Report for May, all from the Census Bureau, the June report on Industrial … Continue reading →

US oil exports at a six month low, gasoline exports at a 7 month high; distillates exports at a 6 month high, distillates demand at a 9 month low, SPR at a 39½ year low, OPEC production was 869,000 barrels … Continue reading →

Major reports that were released this week included the June Consumer Price Index, the June Producer Price Index, and the June Import-Export Price Index from the Bureau of Labor Statistics, and the May report on Wholesale Trade, Sales and Inventories … Continue reading →

weekly and monthly gasoline demand at 18 month highs; SPR at a new 39½ year low; biggest jump in natural gas rigs since October 2016 on 7 gas rig increase in New Mexico’s Permian Delaware, area of the Permian’s Wolf … Continue reading →

This week’s major agency issued economic releases included the Employment Situation Summary for June and the Job Openings and Labor Turnover Survey (JOLTS) for May, both from the Bureau of Labor Statistics, and three May reports that will input into … Continue reading →

US oil prices rose for the second time in​ the past​ five weeks on a series of stronger than expected economic reports and on the 2nd largest drop in US crude supplies since Thanksgiving… after falling 3.9% to $69.16 a … Continue reading →

The key economic releases of the past week were the 3rd estimate of 1st quarter GDP from the Bureau of Economic Analysis and the May report on Personal Income and Spending, also from the BEA, which includes two months of … Continue reading →