Today’s Market Trend

WTI crude prices remain in the $45.00/b-$45.50/b range this morning. WTI prices remained stable yesterday, closing at $44.93/b yesterday, four cents up for the day. WTI opened at $44.89/b today, equivalent with yesterday’s opening price. Prices are $45.24/b currently, up by $0.31 from yesterday’s closing price. Diesel opened at $1.4467/gallon this morning. This was an […]

Weekly Price Review

Oil prices rallied this week, breaking a month-long downturn. WTI crude prices regained the $45/b mark today, in stark contrast to last week’s slump, which brought prices as low as $42.05/b on Wednesday. This had been the lowest price since August 2016. WTI opened at $44.89/b today, unchanged from yesterday’s opening price. Prices have been […]

Nat Gas News – June 30, 2017

Nat Gas News – June 30, 2017 API study finds natural gas benefits on an expansion path Observer-Reporter reports: The abundant output of natural gas in the United States over the past decade, particularly from the Marcellus and Utica shale strata, are providing economic benefits across the country, according to a study released Tuesday by […]

Today’s Market Trend

WTI crude prices have risen to the $45.00/b-$45.50/b range this morning. WTI prices strengthened to a close of $44.74/b yesterday, an increase of over a dollar for the day. WTI opened at $44.89/b today, a significant recovery of $1.19, or 2.72%, above yesterday’s opening price. Prices are $45.32/b currently, up by $0.58 from yesterday’s closing […]

U.S. ethanol production capacity continues to increase

Fuel ethanol production capacity in the United States reached 15.5 billion gallons per year, or 1.01 million barrels per day (b/d), at the beginning of 2017, according to EIA’s most recent U.S. Fuel Ethanol Plant Production Capacity report. Total capacity of operable ethanol plants increased by about 4%—or by more than 600 million gallons per […]

Nat Gas News – June 29, 2017

Nat Gas News – June 29, 2017 PG&E Delivers $4 million in Rebates to Customers Using Compressed Natural Gas as a Clean Fuel Business Wire reports: Pacific Gas and Electric Company (PG&E) today announced the launch of the new Clean Fuel Rebate program for customers driving vehicles using compressed natural gas as a clean transportation […]

Today’s Market Trend

WTI crude prices remain in the $44.00/b-$44.25/b range this morning. WTI prices climbed as high as $44.44/b yesterday, before subsiding to a close of $44.24/b. WTI opened at $43.70/b today, an increase of $0.21, or 0.48%, above yesterday’s opening price. Prices are $44.09/b currently, down by $0.15 from yesterday’s closing price. Diesel opened at $1.4035/gallon […]

OECD Oil Stocks Remain High Despite OPEC-NOPEC Cuts

The past month has brought intense scrutiny on global oil inventories. The primary goal of the OPEC-NOPEC oil production cuts is to bring inventories down to their five-year average levels. But the first six months of the cuts has made little progress toward this goal. The group extended the cuts, and OPEC has expressed confidence […]

Nat Gas News – June 28, 2017

Nat Gas News – June 28, 2017 Eversource invests $3.5M in Danbury’s natural gas system News Times reports: Eversource is investing $3.5 million this year in a multi-phase natural gas resiliency project in Danbury. Bill Akley, president of gas operations for Eversource, said the project will reduce the likelihood of outages and enhance the safety […]

Today’s Market Trend

WTI crude prices have recovered to the $43.75/b-$44.00/b range this morning. WTI prices remained steadily in the $43.23-$43.50/b range yesterday, closing at $43.38/b. WTI opened at $43.49/b today, an increase of $0.33, or 0.76%, above yesterday’s opening price. Prices are trending up, and they have reached $43.94/b currently, an increase of $0.56 from yesterday’s closing […]

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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