Category Archives: Uncategorized

oil prices were mixed but modestly higher over the first four days of last week, hitting a 6 week high on Thursday, but then fell nearly two and a half percent on Friday to close below $46 a barrel for … Continue reading →

the June report on New Residential Construction from the Census Bureau was the only major monthly economic release of this week…the week also saw the release of the Regional and State Employment and Unemployment for June from the Bureau of … Continue reading →

rig count summary: oil imports via Saudi Arabia:

oil prices increased every day this week, rising $2.31 a barrel, or more than 5%, and as a result recovered almost all of what they lost in the short week following the Independence Day holiday…after falling $2.84 a barrel to … Continue reading →

most of the past week’s important reports were released on Friday, including Retail Sales for June and Business Sales and Inventories for May, both from the Census bureau, the June Consumer Price Index from the Bureau of Labor Statistics, and … Continue reading →

rig count summary: retail sales: OPEC production, official: OPEC production as reported: global oil production: global oil demand:

oil prices rose to a 4 week high on Monday, before the 4th of July holiday, but fell from there to end the week roughly 3.9% lower than where they closed last week…the $1.03 price increase to $47.01 a barrel … Continue reading →