“The hardest arithmetic to master is that which enables us to count our blessings.”– Eric Hoffer Jobs Update • Initial jobless claims seasonally adjusted for the week ending August 30, 2025 came in at 237,000, versus the adjusted number of 229,000 people from the week prior, up 8,000 people week over week. • Continuing jobless claims came […]
Brent crude settled at $65.50, down $1.49 (−2.22%), while U.S. West Texas Intermediate (WTI) closed at $61.87, down $1.61 (−2.54%). The selloff came amid a “perfect storm” of bearish signals, analysts said. U.S. payrolls increased by only 22,000 in August, far below forecasts for 75,000 and down sharply from July’s upwardly revised 79,000. The soft […]
Brent crude settled at $66.95, down 65 cents (−1.0%), while U.S. West Texas Intermediate (WTI) closed at $63.48, down 49 cents (−0.8%). It was Brent’s lowest close since August 20. The EIA reported a 2.4 million-barrel increase in U.S. crude inventories for the week ending August 29, compared with expectations for a 2.0 million-barrel draw. […]
Brent crude settled at $67.60, down $1.54 (−2.23%), while U.S. West Texas Intermediate (WTI) closed at $63.97, down $1.62 (−2.47%). The core eight OPEC+ members are considering another increase in October production quotas, potentially unwinding a second layer of cuts of 1.65 million barrels per day (1.6% of world demand) more than a year ahead […]
Brent crude settled at $69.14, up 99 cents (1.45%), while West Texas Intermediate (WTI) closed at $65.59, up $1.58 (2.47%). The U.S. Treasury sanctioned a shipping network accused of disguising Iranian crude as Iraqi oil, in a move analysts said reaffirmed Washington’s hard line on Tehran amid stalled nuclear talks. “The U.S. cracking down on […]
“The hardest arithmetic to master is that which enables us to count our blessings.” – Eric Hoffer On Mobile? Click here to download the PDF
“The hardest arithmetic to master is that which enables us to count our blessings.”– Eric Hoffer Jobs Update • Initial jobless claims seasonally adjusted for the week ending August 28, 2025 came in at 229,000, versus the adjusted number of 234,000 people from the week prior, down 5,000 people week over week. • Continuing jobless claims came […]
Brent crude for October delivery, which expired Friday, settled at $68.12, down 50 cents (−0.73%). The more active November contract closed at $67.45, down 53 cents (−0.78%). U.S. West Texas Intermediate (WTI) finished at $64.01, off 59 cents (−0.91%). Analysts said the market was already looking ahead to next week’s OPEC+ meeting, where members are […]
Brent crude settled at $68.53, up 48 cents (0.7%), while U.S. West Texas Intermediate (WTI) rose 42 cents (0.7%) to close at $64.57. Both benchmarks had been down about 1% earlier in the session before recovering on headlines out of Washington. Russia’s latest attacks killed at least 21 people in Kyiv, while Ukraine said it […]
Brent crude settled at $68.05, up 83 cents (1.2%), while West Texas Intermediate (WTI) gained 90 cents (1.4%) to close at $64.15. Both contracts had fallen more than 2% on Tuesday. The EIA reported a 2.4 million-barrel decline in U.S. crude stocks last week, larger than the forecast draw of 1.9 million barrels. Gasoline inventories […]