US Daily Data Recap: Energy data roundup & mortgage apps slip

Research evidence excerpt

US Daily Data Recap: Energy data roundup & mortgage apps slip

Global Research

8 July 2026ab

US Daily Data Recap Economics

AmericasEnergy data roundup & mortgage apps slip

Amanda Wilcox

Economist

Light data day today, but gasoline prices continue to retreat. The AAA average price for amanda.wilcox@ubs.com

+1-212-713 3899

regular unleaded gasoline was down to $3.79 per gallon as of Monday, July 6 from a

recent peak at $4.56 per gallon on Wednesday, May 20. Prices remain above the $2.93 Jonathan Pingle

average in February prior to the Middle East conflict, however. Brent crude oil spot prices Economist

this week moved higher amidst shifting news flow, rebounding to ~$80 per barrel as of jonathan.pingle@ubs.com

+1-212-713 2225

this writing after falling to a post-conflict low of ~$71 per barrel on July 1. End-2026

futures prices also moved higher. Total US crude inventories fell in the week ending July Alan Detmeister

3, driven by a decline in SPR holdings, even as commercial crude inventories posted their Economist

first weekly increase since April. Meanwhile, oil production remained essentially flat at alan.detmeister@ubs.com

+1-212-713 1222

13.8 million barrels per day, exports rose, and a second consecutive week of gains in oil

rig counts suggested some supply response to higher oil prices. Abigail Watt

abigail.watt@ubs.com

Mortgage applications for home purchases slipped -0.6% in the week ending July 3, +1-212-882 6929

extending a period of largely range-bound activity, while the MBA 30-year fixed

Jalen Nichols

mortgage rate remained elevated near 6.6%. Although mortgage rates briefly

approached 6% in late February, they have since moved back into their August to jalen.nichols@ubs.com

September 2025 range, posing a headwind to the housing market, in our estimation.