Monthly Archives: March 2024

There were just two widely watched housing reports released last week: the February report on New Residential Construction, from the Census bureau, and the Existing Home Sales Report for February from the National Association of Realtors (NAR)….the week also saw … Continue reading →

oil prices hit twenty week high; first 2024 injection of natural gas into storage puts inventories far above any mid-March level on record; natural gas supplies now seem likely to exceed storage capacity later this year; DUC well backlog at … Continue reading →

Major monthly reports released over the past week included the February Consumer Price Index, the February Producer Price Index and the February Import-Export Price Index, all from the Bureau of Labor Statistics (BLS), the Retail Sales report for February and … Continue reading →

US oil prices rose for a second week in three and finished this week at a four month high on bullish demand outlooks from ​the three major forecasting agencies, falling US oil inventories, and intensifying Ukrainian attacks against Russian oil … Continue reading →

Last week’s major releases included both major monthly jobs reports: the Employment Situation Summary for February and the Job Openings and Labor Turnover Survey (JOLTS) report for January, both from the Bureau of Labor Statistics, and three reports that will … Continue reading →

US oil prices fell for the second ​w​eek in three on soft U.S. economic data​ and weak demand from China….after rising 4.5% to a four month high of $79.97 a barrel last week on increasing conflict in the Middle East … Continue reading →

The key economic reports released during the past week were the 2nd estimate of 4th quarter GDP and the January report on Personal Income and Spending, both from the Bureau of Economic Analysis; other widely watched releases included the January … Continue reading →

US oil prices rose for the third time in four weeks on increasing ​c​onflict in the Middle East and on expectations that OPEC would extend its first quarter production cuts till the end of the year…after falling 2.5% to $76.49 … Continue reading →