SOTU Eclipsed by API Data, Venezuela

Oil trading just slightly lower this morning following an inventory report yesterday that did little more than confirm market expectations. Crude took a hit yesterday, falling back roughly a dollar from the previous day’s close, and over $1.50 below Friday’s close above $55/bbl. Crude oil this morning is trading at $53.54, hardly changed from Tuesday’s […]

Natural Gas News – February 6, 2019

Natural Gas News – February 6, 2019 Exxon Plans $10 Billion Texas Natural Gas Export Terminal The Hill reported: Exxon Mobil Corp. made a final decision Tuesday with Qatar Petroleum to build a $10 billion liquefied natural gas (LNG) export project on Texas’s Gulf of Mexico coast. Energy Secretary Rick Perry joined representatives of Exxon […]

Citi: Market to Remain Unpredictable

Reaching losses of $2/bbl yesterday, WTI crude managed to claw back most of the losses to settle just 1.3% lower for the day, while fuel prices saw losses under a penny. This afternoon prices are tapering down just slightly, relatively close to yesterday’s closing price. Crude oil is trading at $53.84, a loss of 72 […]

Markets Give Up Friday’s Gains

WTI climbed higher on Friday to close above $55, the highest close since November 19.  This morning, prices have turned lower and given up most of Friday’s gains amid profit taking. Crude oil is currently trading at $54.23, down $1.03 from Friday’s close. Fuel prices are also in the red this morning, though prices have […]

Job Report Lifts Stock Market and Oil

Prices yesterday set their aims high, with crude prices soaring above $55, but the momentum didn’t stick. Price tumbled, resulting in a small loss of roughly 45 cents. Today, crude oil has recouped yesterday’s losses and is moving higher once again. Crude prices are $54.95 this afternoon, up $1.16 (2.2%). Fuel prices also saw early-day […]

Natural Gas News – February 1, 2019

Natural Gas News – February 1, 2019 Pennsylvania Governor Seeks Natural Gas Tax to Raise $4.5 Billion Reuters reported : Pennsylvania Governor Tom Wolf on Thursday proposed a tax on extracting natural gas to pay for his plan to spend $4.5 billion over the next four years to improve the state’s infrastructure. The state legislature, […]

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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