Today’s Market Trend

WTI crude prices have recovered the $49.50/b mark this morning, after staving off a potential drop below $48/b yesterday. WTI opened at $49.27/b today, a small increase of $0.05, or 0.10%, below yesterday’s opening price. Current WTI prices are $49.52/b, a continued recovery of $0.55 above yesterday’s closing price. Both crude and product prices trended […]

Weekly Price Review

Crude prices this week continued on a downward path this week, punctuated by a sharp downward price movement on Thursday that hit the bottom at $48.20/b before gradually climbing back above $49/b by the close of trading. The sharp decline caused some analysts to ponder whether breaking through key technical supports would signal a larger […]

Nat Gas News – April 28, 2017

Nat Gas News – April 28, 2017 In the News Natural gas operations in Colorado closed after fatal explosion UPI reports: Anadarko Petroleum Corp. said it shut down operations across northeast Colorado in response to investigations of a fatal explosion near one of its wells. Two people were left dead after the April 17 explosion in […]

Today’s Market Trend

WTI crude prices slumped below $49/b this morning, and prices are currently in the $48.50-$48.75/b range. Over the past two days, WTI prices had dipped below $49/b briefly, but they regained the $49/b mark before market closing. WTI opened at $49.22/b today, a relatively modest decrease of $0.14, or 0.28%, below yesterday’s opening price. But […]

Americans Say Low Gas Prices Are Good for the Economy

Americans overwhelmingly say that low gas prices are good for the economy and that gas prices would have to increase by more than $1 per gallon before they cut back on driving, according to results of the NACS Consumer Fuels Survey. Overall, 84% of consumers say that low gas prices are good for the economy, […]

Nat Gas News – April 26, 2017

Nat Gas News – April 26, 2017 In the News Rick Perry approves first natural gas export project as secretary The Washington Examiner reports: Energy Secretary Rick Perry on Tuesday approved the first permit under his tenure to ship natural gas to overseas markets, even as large U.S. manufacturers are warning the Trump administration that […]

Today’s Market Trend

WTI crude prices have remained in the $49.00-$49.50/b range this morning. Prices yesterday dipped below $49/b briefly, but recovered to close the day at $49.56/b. WTI opened at $49.36/b today, an increase of $0.14, or 0.28%, above yesterday’s opening price. Current prices are $49.23/b, $0.33 below yesterday’s closing price. WTI crude prices have opened lower […]

New pipeline capacity and other infrastructure changes can accommodate increasing Permian crude oil production

Increasing crude oil production in the Permian basin of western Texas and eastern New Mexico is filling available pipeline capacity, putting modest downward pressure on West Texas Intermediate (WTI) crude oil priced at Midland, Texas compared with WTI at Cushing, Oklahoma. However, the Midland versus Cushing discount, which recently widened to more than $1 per […]

Today’s Market Trend

WTI crude prices have weakened to approximately $49.20/b this morning, after continuing to decline yesterday. WTI opened at $49.22/b today, a drop of $0.46, or 0.93%, below yesterday’s opening price. Current prices are $49.21/b, $0.02 below yesterday’s closing price. WTI crude prices have opened lower in six of the last eight trading sessions, falling by […]

EIA Gasoline and Diesel Retail Prices Update

The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended April 24th, 2017. Gasoline prices rose for the fourth consecutive week, while diesel prices declined slightly For the current week ended April 24th, diesel prices declined by 0.2 cents to an average price of $2.595/gallon. PADD […]

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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