Today’s Market Trend

Prices are trading mixed across the oil complex this morning. Crude traded sharply lower yesterday, losing $1.31 to close the day at its lowest price in 2 weeks. A strong US dollar combined with builds reported by the API in both crude and Cushing inventories put downward pressure on crude during yesterday’s trading session. This […]

Natural Gas News – May 1, 2018

Natural Gas News – May 1, 2018 BP’s Oil Output Drops 5% on Year in Q1, Offset by Natural Gas Surge Platts reported: BP’s oil output dropped 5% on the year in the first quarter, partially reversing a large jump in the previous quarter as its Abu Dhabi offshore concession expired, with a further reduction […]

Iran Nuclear “Proof” Fizzles Out

After beginning the day lower, markets encountered a surge in buying action leading up to Israeli President Netanyahu’s speech on Iran. In another classic “buy the rumor, sell the news” event, markets are trending lower this morning following the speech. Crude prices are currently $67.83, down 74 cents (-1.1%) since yesterday’s close. Fuel prices are […]

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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