Crude Oil Inventories Report for Week of November 25, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on November 25, 2022 was released this morning:

-- Change from Last Week: -12,600,000 Barrels

-- Change from A Year Ago (Y/Y): -14,000,000 Barrels

-- Current U.S. Crude Oil Stocks: 419,100,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

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Crude Oil Inventories Report for Week of November 18, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on November 18, 2022 was released this morning:

-- Change from Last Week: -3,700,000 Barrels

-- Change from A Year Ago (Y/Y): -2,400,000 Barrels

-- Current U.S. Crude Oil Stocks: 431,700,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

• Click Here for the Weekly Crude Oil Price
  
  

• Click Here for A Crude Oil Price Chart
  
  
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Import and Export Price Indexes for October 2022

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for October 2022:

===============

Import Prices
Predicted: -0.5%
Actual: -0.2%

Change From 12 Months Previous: +4.2%

===============

Export Prices
Predicted: -0.5%
Actual: -0.3%

Change From 12 Months Previous: +6.9%

===============
 
The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

• Imports: the cost of goods produced in other countries and sold in the United States.
• Exports: the cost of goods produced in the USA and sold in other countries.

Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

===============

• Click here to view the full Labor Department report.

===============

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Crude Oil Inventories Report for Week of November 4, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on November 4, 2022 was released this morning:

-- Change from Last Week: +3,900,000 Barrels

-- Change from A Year Ago (Y/Y): +5,700,000 Barrels

-- Current U.S. Crude Oil Stocks: 440,800,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

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Crude Oil Inventories Report for Week of October 21, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on October 21, 2022 was released this morning:

-- Change from Last Week: +2,600,000 Barrels

-- Change from A Year Ago (Y/Y): +9,100,000 Barrels

-- Current U.S. Crude Oil Stocks: 439,900,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

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Crude Oil Inventories Report for Week of September 30, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on September 30, 2022 was released this morning:

-- Change from Last Week: -1,400,000 Barrels

-- Change from A Year Ago (Y/Y): +8,300,000 Barrels

-- Current U.S. Crude Oil Stocks: 429,200,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

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Crude Oil Inventories Report for Week of September 23, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on September 23, 2022 was released this morning:

-- Change from Last Week: -200,000 Barrels

-- Change from A Year Ago (Y/Y): +12,000,000 Barrels

-- Current U.S. Crude Oil Stocks: 430,600,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

• Click Here for the Weekly Crude Oil Price
  
  

• Click Here for A Crude Oil Price Chart
  
  
• Click Here for the Full Week in Petroleum report
   
  

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Crude Oil Inventories Report for Week of September 16, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on September 16,  2022 was released this morning:

-- Change from Last Week: +1,100,000 Barrels

-- Change from A Year Ago (Y/Y): +16,800,000 Barrels

-- Current U.S. Crude Oil Stocks: 430,800,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

• Click Here for the Weekly Crude Oil Price
  
  

• Click Here for A Crude Oil Price Chart
  
  
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Crude Oil Inventories Report for Week of September 2, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on September 2,  2022 was released this morning:

-- Change from Last Week: +8,800,000 Barrels

-- Change from A Year Ago (Y/Y): +3,300,000 Barrels

-- Current U.S. Crude Oil Stocks: 427,200,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

• Click Here for the Weekly Crude Oil Price
  
  

• Click Here for A Crude Oil Price Chart
  
  
• Click Here for the Full Week in Petroleum report
   
  
  

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Crude Oil Inventories Report for Week of August 26, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on August 26,  2022 was released this morning:

-- Change from Last Week: -3,300,000 Barrels

-- Change from A Year Ago (Y/Y): -7,000,000 Barrels

-- Current U.S. Crude Oil Stocks: 418,300,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

• Click Here for the Weekly Crude Oil Price
  
  

• Click Here for A Crude Oil Price Chart
  
  
• Click Here for the Full Week in Petroleum report
   
  
  

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Crude Oil Inventories Report for Week of August 19, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on August 19,  2022 was released this morning:

-- Change from Last Week: -3,300,000 Barrels

-- Change from A Year Ago (Y/Y): -10,900,000 Barrels

-- Current U.S. Crude Oil Stocks: 421,700,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

• Click here for the full Week in Petroleum report

• Click here for The Weekly Crude Oil Price

• Click here for A Crude Oil Price Chart

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Crude Oil Inventories Report for Week of July 15, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on July 15, 2022 was released this morning:

-- Change from Last Week: -400,000 Barrels

-- Change from A Year Ago (Y/Y): -13,100,000 Barrels

-- Current U.S. Crude Oil Stocks: 426,600,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

• Click here for the full Week in Petroleum report

• Click here for The Weekly Crude Oil Price

• Click here for A Crude Oil Price Chart

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Import and Export Price Indexes for June 2022

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for June 2022:

===============

Import Prices
Predicted: +0.5%
Actual: +0.2%

Change From 12 Months Previous: +10.7%

===============

Export Prices
Predicted: +0.5%
Actual: +0.7%

Change From 12 Months Previous: +18.2%

===============
 
The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

• Imports: the cost of goods produced in other countries and sold in the United States.
• Exports: the cost of goods produced in the USA and sold in other countries.

Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

===============

• Click here to view the full Labor Department report.

===============

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Crude Oil Inventories Report for Week of June 24, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on June 24, 2022 was released this morning:

-- Change from Last Week: -2,800,000 Barrels

-- Change from A Year Ago (Y/Y): -36,800,000 Barrels

-- Current U.S. Crude Oil Stocks: 415,600,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

• Click here for the full Week in Petroleum report

• Click here for The Weekly Crude Oil Price

• Click here for A Crude Oil Price Chart

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Productivity and Labor Costs Report for Q1 2022 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2022 (revised):

Nonfarm Productivity
Predicted: -7.5%
Actual: -7.3%

• Change from A Year Ago: -0.6%

=============

Unit Labor Costs
Predicted: +10.0%
Actual: +12.6%

• Change from A Year Ago: +8.2%

=============

The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


===================

 

From Today's Report

 

"...Nonfarm business sector labor productivity decreased 7.3% in the first quarter of 2022, the U.S. Bureau of Labor Statistics reported today, as output decreased 2.3 percent and hours worked increased 5.4%. This is the largest decline in quarterly productivity since the third quarter of 1947, when the measure decreased 11.7%. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the same quarter a year ago, nonfarm business sector labor productivity decreased 0.6%, reflecting a 4.2-percent increase in output that was outpaced by a 4.8% increase in hours worked. (See chart 1 and table A1.) This is the largest four-quarter decline since the fourth quarter of 1993, when the measure also declined 0.6%.

Unit labor costs in the nonfarm business sector increased 12.6% in the first quarter of 2022, reflecting a 4.4% increase in hourly compensation and a 7.3% decrease in productivity. Unit labor costs increased 8.2% over the last four quarters. (See chart 2 and tables A1 and 2.) This is the largest four-quarter increase in this measure since another 8.2% increase in the third quarter of 1982. BLS calculates unit labor costs as the ratio of hourly compensation to labor productivity. Increases in hourly compensation tend to increase unit labor costs and increases in productivity tend to reduce them..."

 ===================

 Click here to view the full Labor Department report (PDF.)

===================

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Crude Oil Inventories Report for Week of May 20, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on May 20, 2022 was released this morning:

-- Change from Last Week: -1,000,000 Barrels

-- Change from A Year Ago (Y/Y): -64,500,000 Barrels

-- Current U.S. Crude Oil Stocks: 419,800,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

• Click here for the full Week in Petroleum report

• Click here for The Weekly Crude Oil Price

• Click here for A Crude Oil Price Chart

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Crude Oil Inventories Report for Week of May 13, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on May 13, 2022 was released this morning:

-- Change from Last Week: -3,400,000 Barrels

-- Change from A Year Ago (Y/Y): -65,200,000 Barrels

-- Current U.S. Crude Oil Stocks: 420,800,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

• Click here for the full Week in Petroleum report

• Click here for The Weekly Crude Oil Price

• Click here for A Crude Oil Price Chart

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Import and Export Price Indexes for April 2022

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for April 2022:

===============

Import Prices
Predicted: +0.5%
Actual: FLAT / UNCHANGED

Change From 12 Months Previous: +12.0%

===============

Export Prices
Predicted: +0.5%
Actual: +0.6%

Change From 12 Months Previous: +18.0%

===============
 
The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

• Imports: the cost of goods produced in other countries and sold in the United States.
• Exports: the cost of goods produced in the USA and sold in other countries.

Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

===============

• Click here to view the full Labor Department report.

===============

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Crude Oil Inventories Report for Week of May 6, 2022

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on May 6, 2022 was released this morning:

-- Change from Last Week: +8,500,000 Barrels

-- Change from A Year Ago (Y/Y): -60,500,000 Barrels

-- Current U.S. Crude Oil Stocks: 424,200,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

• Click here for the full Week in Petroleum report

• Click here for The Weekly Crude Oil Price

• Click here for A Crude Oil Price Chart

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NFIB Small Business Optimism Index for April 2022

The National Federation of Independent Business® (NFIB®) released its Small Business Optimism Index for April 2022:

=========

Predicted: 94.0
Actual: 93.2

• Change from Previous Month: UNCHANGED

• Change from 12 Months Previous: -6.613% (-6.6 points.)

=========

CHART: NFIB Small Business Optimism Index
April 2022 Update 

=========

 

CHART: NFIB Small Business Earnings
Last 3 Months
April 2022 Update

=========

From Today's Report:

"...The NFIB Small Business Optimism Index was unchanged in April, remaining at 93.2 and the fourth consecutive month below the 48-year average of 98. Small business owners expecting better business conditions over the next six months decreased one point to a net negative 50%, the lowest level recorded in the 48-year-old survey.

Inflation continues to be a problem for small businesses with 32% of small business owners reporting it’s their single most important problem in operating their business, the highest reading since the fourth quarter of 1980.

'Small business owners are struggling to deal with inflation pressures,' said NFIB Chief Economist Bill Dunkelberg. 'The labor supply is not responding strongly to small businesses’ high wage offers and the impact of inflation has significantly disrupted business operations.'


Key Findings Include:

    -- Forty-seven percent of owners reported job openings that could not be filled, unchanged from March.

    -- The net percent of owners raising average selling prices decreased two points to a net 70% (seasonally adjusted), two points below last month’s highest reading.

    -- The net percent of owners who expect real sales to be higher increased six points from March to a net negative 12%.

As reported in NFIB’s monthly jobs report, small businesses continue to struggle to find workers to fill open positions with 47% (seasonally adjusted) of all owners reported job openings they could not fill in the current period. Of those hiring or trying to hire, 93% of owners reported few or no qualified applicants for the positions they were trying to fill..."

=========

• Small business survey questions can be found at the end of today's report.

• The baseline "100" score is associated with 1986 survey data.
  

=========

The previous month's Small Business Optimism Index was 93.2.

=========

• Click here to view the full NFIB report

 
=========

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