Monthly Archives: November 2023

US oil prices tumbled 2% in the last two hours of trading ​on Friday after this week’s ​scheduled OPEC meeting had been postponed, and thus ended lower for the fifth straight week, with most of the week’s ​oil price movement … Continue reading →

There were just two widely watched economic reports released this week: the Advance Report on Durable Goods for October from the Census bureau and the Existing Home Sales Report for October from the National Association of Realtors.. The week also … Continue reading →

US oil prices hit a 4 month low; US distillates supply is at a 25 week low; global oil supply was 1,680,000 barrels per day short of global demand in October, as OPEC’s output was 490,000 barrels per day below … 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, the Retail Sales Report for October and the associated Business … Continue reading →

US oil prices fell for a third straight week and eclipsed a three month low, shedding another 4.1% following softer-than-expected macroeconomic data out of major global economies and threats of additional rate hikes to fight inflation by central bankers…after falling … Continue reading →

There were just two major reports released this past week:the Commerce Department report on our International Trade for September, and the September report on Wholesale Trade, Sales and Inventories from the Census Bureau… September Trade Deficit Rose 4.9% on Higher … Continue reading →

US oil prices ended the past week’s trading nearly 6% lower at $80.51 a barrel​, after hitting a nine week low midweek, falling below pre-war levels as fears of a wide spread conflict in the Middle East that would disrupt … Continue reading →

Major economic reports that were released during the past week included the Employment Situation Summary for October and the Job Openings and Labor Turnover Survey (JOLTS) for September, both from the Bureau of Labor Statistics, and two September reports that … Continue reading →