Week in Review

I’m including last week’s review again with an update, because it’s a helpful way of summarizing the recent price changes: Many of the declines lately have shown a similar pattern – breech a key psychological barrier, then quickly fall to the next: October 17 – Prices drop below $70. Fell to $65 two weeks later. […]

EIA Shows Tiny Crude Draw, Large Gas Build

Happy New Years! FUELSNews will resume publications on Wednesday, January 2. Have a Safe and Happy Holidays! WTI crude is trading quietly this following, not treading far from Thursday’s close. Crude is currently trading at $45.28, up 67 cents (1.5%) from yesterday’s close. Fuel prices are mixed this afternoon following the EIA’s report. Diesel prices […]

Post-Christmas Rally Undoes Holiday Sell-Off

Markets rebounded from the holiday plunge, gaining over $3.50/bbl while the stock markets roared upwards as well. This morning, though, those gains are struggling to hold on. Crude is currently trading at $45.15, hovering near the $45/bbl level after shedding $1.07. Fuel prices are also lower after hefty gains yesterday. Diesel prices gained 7 cents […]

Mid-Week Review

Under New Management — Russia Now Runs OPEC At the December OPEC meeting in Vienna, Saudi Arabia was unable to convince OPEC members to agree to a deal on supply cuts on the first day of meetings.  Some members felt the Kingdom should bear the brunt of the cuts since they had increased their production […]

Subject: Holiday Weekend Brings Another Sell-off

On Monday during holiday trading, oil broke through the $45 threshold and quickly fell as low as $42.50. Once again, the quick action felt more technical than fundamental, as not much “new” occurred over the holiday weekend to justify a 6% sell-off. Crude is currently rallying this morning, up $1.71 to $44.24. After setting new […]

Week in Review

This week oil prices crossed a boundary few expected, with prices on Monday closing below $50, setting the tone for a rapid drop to $45. Many of the declines lately have shown a similar pattern – breech a key psychological barrier, then quickly fall to the next: October 17 – Prices drop below $70. Fell […]

Prices Keep Sinking, Merrill Lynch Predicts 2019 Reversal

Merry Christmas! FUELSNews will resume publications on Wednesday, December 26. Have a Safe and Happy Holidays! WTI crude prices are back down to trading just above the $45 threshold as markets head into the holiday weekend after another round of bearish stock market performance. The Dow Jones Industrial Average has fallen to its lowest point […]

Natural Gas News – December 21, 2018

Natural Gas News – December 21, 2018 Major LNG Shortage Increasingly Likely Oil Price reported: Liquefied natural gas (LNG) buyers’ willingness to commit to new long-term contracts has increased significantly during 2018 amid expectations of a tighter LNG market. Looking ahead to 2025, Rystad Energy argues a major shortage of liquefied natural gas is looking […]

Natural Gas News – December 20, 2018

Natural Gas News – December 20, 2018 Poland’s Goal of Ditching Russian Natural Gas Bolsters American LNG and Trump’s Energy Agenda CNBC reported: Poland took another step towards weening itself off Russian energy supplies on Wednesday by signing a 20-year agreement with San Diegobased Sempra Energy to import U.S. liquefied natural gas. The signing marks […]

Fed Hikes Interest Rates, ’19 Seen More Dovish

After rallying a dollar yesterday, prices reversed overnight as weakness in the stock market bled over to commodities. Crude prices are trading at $46.76, down $1.41. Fuel prices are lower this morning, giving back their gains from yesterday when diesel and gasoline prices rose. Diesel prices are trading at $1.7831 this morning, down 2.2 cents. […]

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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