Monthly Archives: September 2023

oil prices fell for just the 2nd time over the past twelve weeks on the expiration of trading of the higher priced October oil contract, as the Fed telegraphed that interest rates would remain higher for longer, the UAW expanded … Continue reading →

Just two widely watched monthly reports were released this past week: the August report on New Residential Construction from the Census bureau, and the Existing Home Sales Report for August from the National Association of Realtors… the week also saw … Continue reading →

US oil imports at a 4 year high, oil production at a 41 month high; global oil supply was 1,360,000 barrels per day short of global demand in August as OPEC’s output was 816,000 barrels per day below the level … Continue reading →

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

oil price hits 10 month high; US commercial oil supplies​ and gasoline supplies both at ​nine month low​s; total domestic oil supplies, including SPR, at a ​new 38 year low​ US oil prices rose 2.3% over the past week and … Continue reading →

Major reports released this past week included the July report on our International Trade from the Bureau of Economic Analysis, the Full Report on Manufacturers’ Shipments, Inventories and Orders for July, and the Wholesale Trade, Sales and Inventories report for … Continue reading →

The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending August 25th indicated that after a decrease in our oil imports and an increase in our … Continue reading →

Major reports released this past week included the Employment Situation Summary for August and the Job Openings and Labor Turnover Survey (JOLTS) report for July, both from the Bureau of Labor Statistics, the 2nd estimate of 2nd quarter GDP and … Continue reading →