Category Archives: Uncategorized

oil prices managed an increase for the tenth time out of the past eleven weeks despite a sharp selloff on Friday, as strength in equities, a weaker dollar, and strong Chinese demand bouyed prices…after rising 7.7% to a ten month … Continue reading →

Major reports that were released this past week included the December Consumer Price Index, the December Producer Price Index, the December Import-Export Price Index, and the Job Openings and Labor Turnover Survey (JOLTS) for November, all from the Bureau of … Continue reading →

rig count summary retail sales: OPEC output: global oil supply: global oil demand:

oil exports at a forty-one week high & refinery utilization ​at a 19 week high led to largest drop in crude supplies since August; gasoline production fell ​by ​the most since March to a 7 month low, but gasoline demand … Continue reading →

The major economic reports released the past week were the Employment Situation Summary for December from the Bureau of Labor Statistics, the November report on our International Trade from agencies within the Commerce Dept, and the November report on Construction … Continue reading →

rig count summary:

oil prices ended higher for the eighth week in the past nine this week, as a new stimulus bill and a weaker dollar supported prices…after falling 2.1% to $48.24 per barrel last week as a new mutant strain of the … Continue reading →

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 include any prices of homes, but just a … Continue reading →

rig count summary:

oil prices fell for the first time in 8 weeks this week, as a mutant strain of the coronavirus spreading in the UK prompted a severe lockdown there and new travel restrictions world-wide…after rising more than 5% to $49.10 a … Continue reading →