Monthly Archives: December 2023

With the major month end reports already released last week, the only widely watched report released this week was the Case-Shiller Home Price Index for October from S&P Case-Shiller, which doesn’t even report any prices of homes, but just a … Continue reading →

oil prices rose for a 2nd straight week, after falling each of the prior seven weeks, as Houthi attacks in the Red Sea shut down the Suez trade route and forced hundreds of ships to circumvent Africa to reach their … Continue reading →

As is usual in advance of the holidays, most of the reports that are normally released during the last week of the month were accelerated into this past week…that meant that this week saw the 3rd estimate of 3rd quarter … Continue reading →

oil & gas prices both bounce off six month lows after January natural gas hit a new life of contract low; global oil supply was 1,580,000 barrels per day short of global demand in November, with OPEC’s output 630,000 barrels … Continue reading →

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

oil price hits five month low; oil price losing streak is longest in five years; January 2024 natural gas contract price is lowest on record, despite the largest withdrawal of natural gas from storage in 10 months; US oil imports … Continue reading →

Major economic reports released this week included the Employment Situation Summary for November and the Job Openings and Labor Turnover Survey (JOLTS) for October, both from the Bureau of Labor Statistics, the Commerce Department’s report on our International Trade for … Continue reading →

January 2024 natural gas contract price hit a 35 month low following the latest Autumn addition to natural gas​ storage since 2017, after trading of the December gas contract had expired at a 33 month low; biggest build of US … Continue reading →

The key economic reports that were released this week were the 2nd estimate of 3rd quarter GDP and the October report on Personal Income and Spending, both from the Bureau of Economic Analysis; other major agency releases were the October … Continue reading →