Today’s Market Trend

Oil markets sustained further losses yesterday. Crude prices fell over a dollar to end the day at $64.50, continuing what is now a three-day losing streak. Markets are still falling this morning, with crude prices currently trading down 15 cents at $64.35. Refined products are also strongly in the red, and the past two sessions […]

Horizontal Fracking Make Up Majority of New Oil & Gas Wells

In 2016, hydraulically fractured horizontal wells accounted for 69% of all oil and natural gas wells drilled in the United States and 83% of the total linear footage drilled. The combination of horizontal drilling and hydraulic fracturing has increased the rate of recent U.S. crude oil, lease condensate, and natural gas production. Hydraulically fractured horizontal […]

This article is part of Crude

Natural Gas News – January 31, 2018

Natural Gas News – January 31, 2018 Fracking Accounts for Most New Oil and Gas Production in U.S., Agency Says Tribe Live reported: Hydraulically fractured horizontal wells accounted for 69 percent of all oil and natural gas wells drilled in the United States, and 83 percent of the total linear footage drilled, in 2016, the […]

Natural Gas News – January 30, 2018

Natural Gas News – January 30, 2018 Tanker Carrying Liquefied Natural Gas From Russia’s Arctic Arrives in Boston The Washington Post reported: A tanker carrying liquefied natural gas from a sanctioned project in Russia’s Arctic has arrived in Boston Harbor, where it will be offloaded for American users. The giant tanker is carrying the first […]

Today’s Market Trend

Oil prices fell yesterday as some market participants took their profits and left the market. The slowdown is not necessarily a reversal; it could be merely a pause in crude’s run higher. After falling yesterday, prices are continuing to trend lower. So far, WTI crude oil is down 69 cents (1.1%), trading at $64.87. Refined […]

U.S. Crude Oil Exports Increased Following Harvey Disruptions

From late August through September 2017, Hurricane Harvey caused disruptions to the U.S. Gulf Coast refining sector, resulting in record-high U.S. crude oil exports when export facilities reopened after the storm and before many refineries returned to pre-storm levels of utilization. In October 2017, crude oil exports from the United States reached a monthly record of more […]

This article is part of Crude

Today’s Market Trend

Markets closed the week strong on Friday, with crude oil rising by almost a full dollar. Across the board, oil products hit new three-year highs. Today, crude prices have given up most of the gains. After opening above Friday’s closing price, markets have been steadily falling, giving up 91 cents (-1.4%) to trade at $65.23. […]

Weekend Summary

Have an article worth sharing? Send it to, and we’ll share it next week in our Weekly Summary segment. Keystone Pipeline is Doable Even with New Route According to TransCanada’s CEO, the Keystone XL Pipeline is feasible, though it could cost an additional $80 million. Nebraska regulators approved Keystone XL a little while back, […]

Today’s Market Trend

A falling dollar is giving support to crude oil prices, which today is once again pushing against new three-year high prices. Yesterday, prices fell slightly, though remained above $65 throughout the day. Today, prices are trending towards higher ground – although prices opened lower than yesterday’s close, prices are currently 9 cents above their 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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