Prices Collapse, Markets Eye Waivers and OPEC Production

Oil prices are trading significantly lower after yesterday’s rout, during which crude prices went crashing through the $65 price threshold, closing the day at $63.69, the lowest level since April. Today, crude oil is trading at $63.14, down 55 cents. Fuel prices took a big hit yesterday. Gasoline prices gave up 5 cents, while diesel […]

Oil at $65 – Last Cheap Stop on the Bullish Advance?

Markets are thankful to be out of October – a month that generally brings poor results and seasonal weakness (think 1989’s Black Friday, or 1929’s Black Tuesday). Although there’s no particular reason for the bearishness, October tends to bring poor financial results. As we shared yesterday, the “Halloween Effect” shows that prices often fall between […]

Last Stop for a Bullish Train?

Despite a supportive EIA report, markets just couldn’t stop the downward push, leading to an afternoon decline yesterday that brought prices just shy of dropping below $65. This is now the third time prices have risen above $70 and fallen back to the $65 range. This morning crude is trading at $64.93, down another 38 […]

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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