Monthly Archives: October 2023

US oil prices finished the past week nearly 4% lower, but part of that ​perceived drop was due to a shift to quoting the lower priced December contract, after trading in the November contract expired the prior Friday ​priced 1% … Continue reading →

The key economic reports that were released the past week were the 1st estimate of 3rd quarter GDP and the September report on Personal Income and Spending, both from the Bureau of Economic Analysis ….the week also saw the release … Continue reading →

US oil prices see-sawed higher over the past week as oil traders reacted to developing stories out of the Israeli-Palestinian conflict, but pulled back from well over $90 on Friday to settle just 1.2% higher at $88.75 a barrel in … Continue reading →

Widely watched reports that were released this past week included the Retail Sales report for September and the corresponding Business Sales and Inventories report for August, both from the Census Bureau,Industrial production and Capacity Utilization for September from the Fed, … Continue reading →

US refinery throughput at a 7 month low, refinery utilization down 8% in 4 weeks to an 8 month low; gasoline exports at a 10 month high;  global oil supply was 1,570,000 barrels per day short of global demand in … Continue reading →

Major reports released this past week included the September Consumer Price Index, the September Producer Price Index, and the September Import-Export Price Index, all from the Bureau of Labor Statistics, and the August report on Wholesale Trade, Sales and Inventories … Continue reading →

natural gas prices at an 8 month high; commercial crude inventories at a 10 month low; total US oil supplies at a 38 year low; gasoline demand at a nine month low, gasoline inventories at a six month high despite … Continue reading →

Major agency reports released this past week included the the Employment Situation Summary for September and the August Job Openings and Labor Turnover Survey (JOLTS), both from the Bureau of Labor Statistics, the August report on our International Trade from … Continue reading →

US commercial crude supplies at a ten month low even with oil imports 4 week average at a fifty month high; gasoline production at 6 month low oil prices rallied to a one year closing high of $93.68 a barrel … Continue reading →

The key economic releases of the past week were the 3rd estimate of 2nd quarter GDP from the Bureau of Economic Analysis, which included an annual and a comprehensive revision, and the August report on Personal Income and Spending, also … Continue reading →