Category Archives: Uncategorized

US oil prices finished ​the week a bit higher for the 2nd time in three weeks after the Saudis increased prices to Europe and Asia and US oil supplies unexpectedly fell….after falling 6.8% to a seven week low of $78.11 … Continue reading →

Major economic reports released the past week included the Employment Situation Summary for April and the Job Openings and Labor Turnover Survey (JOLTS) for March, both from the Bureau of Labor Statistics, and three March reports that include metrics which … Continue reading →

US oil prices finished lower for the third time in four weeks as ongoing Israeli-Hamas peace talks reduced geopolitical risks while US production and oil supplies grew more than expected…after rising 2.0% to $83.85 a barrel last week on an … Continue reading →

The key economic releases from the past week were the advance estimate of 1st quarter GDP and the concurrent March report on Personal Income and Spending, both from the Bureau of Economic Analysis; other widely watched releases included the March … Continue reading →

US oil prices rose for the first time in three weeks on an unexpected drop in US ​crude inventories and on increasing hostilities in the Middle East…after falling 2.9% to $83.14 a barrel last week after Iran and Israel exchanged … Continue reading →

Major monthly reports released this past week included the Retail Sales report for March and the associated Business Sales and Inventories report for February, both from the Census Bureau, the March report on Industrial Production and Capacity Utilization from the … Continue reading →

US oil prices fell for a second straight week, following a four week run up on increasing hostilities in the Middle East & Eastern Europe, after Iran and Israel exchanged attacks on each other’s territories but played down the likelihood … Continue reading →

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

across the board inventory build despite distillates exports at an 18 month high on a 1.134 million barrel per day drop in demand for fuel US oil prices fell for the first time in five weeks as ongoing ceasefire talks … Continue reading →

Major monthly economic reports released during the past week included the Employment Situation Summary for March and the Job Openings and Labor Turnover Survey (JOLTS) for February, both from the Bureau of Labor Statistics, the Commerce Department report on our … Continue reading →