Cyber Monday Trading Lifts Sunken Oil Prices

Friday’s oil trade certainly did not feel like a holiday week, with volumes once again spiking while prices fell rapidly. Oil opened on Friday at $54.66 but plummeted to close at $50.42. This morning, traders are feeling the Cyber Monday excitement, with prices rebounding from Friday’s lows. Crude oil is trading at $51.88, up $1.46 […]

EIA Data Contradicts API Report

Happy Thanksgiving! Whether you’re a Mansfield customer, a supply or carrier partner, or simply a fan of fuel markets – thank you for choosing FUELSNews as your source for market analysis. We will resume our daily publication on Monday, November 26. Once again the markets took a huge hit yesterday, with crude and gasoline reaching […]

Nat Gas News – November 21, 2018

Nat Gas News – November 21, 2018 Natural Gas Could Test $5 With First Seasonal Draw in Sight Investing reported: The first natural gas draw of this cold season is expected to figure in today’s weekly inventory report due from the US government at noon EST. Aside from marking the unofficial start to winter, there’s […]

Nat Gas News – November 20, 2018

Nat Gas News – November 20, 2018 Natural Gas Price Explosion Bankrupts Traders Oil Price reported: A Tampa, Florida based options trading firm, OptionSellers, went dark this weekend after it informed its clients of a “catastrophic loss event,” resulting from a short squeeze on the natural gas market, ZeroHedge reports, citing parts of the letter. […]

IEA Director Calls Markets “Very Fragile”

What began as a slow decline is now picking up speed as the market zooms lower once again. The oil market is turning lower again this morning after printing meager gains yesterday. Crude oil is currently trading at $55.91, down $1.29 (-2.3%) from yesterday’s close. Fuel prices are also in the red this morning. Diesel […]

Calm Holiday Trading May Heat Up following OPEC and US-China Meetings

Markets are trading lower this morning after trading exactly flat on Friday – not a penny higher or lower than Thursday’s close. WTI Crude is currently trading at $56.23, down 23 cents. Fuel prices are relatively flat this morning. Like crude, diesel prices ended Friday virtually flat; gasoline was the lone deviant with nearly 2 […]

Nat Gas News – November 19, 2018

Nat Gas News – November 19, 2018 Lower Natural Gas Costs, Tax Credits Help DTE Energy Keep Bills Down This Winter Marketwatch reported: Across the November- March heating season, the typical residential natural gas customer can expect to spend about 7.5 percent, or about $44, less than over the same period last year. The decrease […]

Week in Review

After setting the record for longest consecutive losing streak for NYMEX WTI Contracts, crude turned around and began to rise higher, though not before a massive $4 price move on Monday. Since then, markets have been slowly recovering, trending slightly higher but not overcoming Monday’s huge drop off. The recovery has helped push OPEC to […]

Bearish EIA Reports Doesn’t Halt Rebound

This morning saw fuel prices stage an early rally, but selling pressure has cause the commodity to fall back to flat. This afternoon, crude oil is trading at $56.75, up 29 cents from yesterday’s close. Fuel prices are also trading higher. Diesel prices are $2.0774, up 0.3 cents since yesterday. Gas prices are $1.5777, gaining […]

Nat Gas News – November 16, 2018

Nat Gas News – November 16, 2018 Tighter Supplies Push Natural Gas Prices Higher Barron’s reported: Oil prices have declined sharply in November, but natural gas’ rise has been even more striking: Prices for the heating fuel have soared by nearly 24% for the month to date, recently touching to their highest level in more […]

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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