Merrill Sees “Greater Risk to Upside” After Technical Drop

Oil markets have stabilized somewhat after yesterday’s precipitous drop in prices. All in, the decline saw prices fall $3.50/bbl, the largest drop since December. Fun fact – the largest price drop in WTI crude history was a $14.31 drop on September 23, 2008; in the last five years, the largest drop was $7.54 on November […]

Week in Review

As of Friday’s open, the crude market is down for the week.  The week started out relatively flat as markets could not decide which way to go.  Deteriorating U.S.-China trade negotiations and a strong dollar moved oil prices lower in the beginning of the week.  Tensions with Iran and geopolitical instability pushed oil prices in […]

Natural Gas News – May 24, 2019

Natural Gas News – May 24, 2019 Maine natural gas company has big plans to turn cow manure into renewable energy WGME News reported: Summit Utilities said Thursday that it will invest $20 million and create up to eight full-time jobs in a partnership with eight Clinton- area dairy farmers in a project designed to […]

Natural Gas News – May 23, 2019

Natural Gas News – May 23, 2019 Saudi Arabia wants to buy tons of American natural gas CNN reported: Saudi Arabia has placed a huge bet on American natural gas. In a sign of shifting energy fortunes, Saudi Aramco announced a mega preliminary agreement on Wednesday to buy 5 million tons of liquefied natural gas […]

Natural Gas News – May 22, 2019

Natural Gas News – May 21, 2019 Natural gas supplies to Pemex, other state entities to be prioritized: CFEnergia S&P Global reported: Mexican state fuel marketer CFEnergia will prioritize natural gas supplies to stateowned companies, including Pemex, boost industrial activity and even potentially participate in upstream activities under the new administration of President Andres Manual […]

Mid-Week Review

Oil mostly lower as demand concerns pressure price, but Iranian tensions limit loss Oil futures moved mostly lower Tuesday, with U.S. prices pulling back from their best level in nearly three weeks, as the continuing U.S.-China trade dispute weighed on prospects for energy demand, but tensions in the Middle East provided some support.  News that […]

OECD Warns of Economic Risks from Trade War

Oil dipped lower yesterday afternoon and this morning continues to fall. Crude oil is currently trading at $62.36, down 77 cents (-1.2%) from yesterday’s close. Fuel prices are also moving lower, though moving slower than crude. Diesel prices are trading at $2.0618, down 1.8 cents (-0.8%). Gasoline prices are $2.0133, a 0.6 cent loss. Yesterday […]

Natural Gas News – May 21, 2019

Natural Gas News – May 21, 2019 Massive 2015 Natural Gas Leak Caused by Microbial Corrosion, Report Says Ars Technica reported: A massive natural gas leak at a storage facility in Southern California was caused by microbial corrosion of well equipment, according to a new independent report from analysis firm Blade Energy Partners. The report […]

Despite Iran, Stronger Dollar Creates Oil Headwinds

Oil prices are trading flat this morning as a strengthening dollar puts downward pressure on oil, even with Iran looming in the background. Crude oil is currently trading at $63.00, down a mere 10 cents. Fuel Prices are trading moderately higher this morning, recovering from yesterday’s hefty dip. Diesel is currently trading at $2.0749, up […]

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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