Stock Up on Avocados – Mexico Tariffs Announced by Trump

Oil is plummeting once again, with both gasoline and diesel trading below $1.90. The recent dip in prices has sent many fuel consumers rushing to lock in fixed forward prices, given volatility and uncertainty regarding whether prices will rise or fall. This morning crude is trading at $55.23, down $1.36 (-2.4%) to its lowest level […]

Saudi Calls Emergency Summits on Drone Strikes

An early afternoon rally yesterday helped to significantly narrow losses, rising from a daily low of $56.88 to a closing price of $58.81. Today, the late EIA report is sending prices lower once again. WTI crude is currently trading at $57.45, down $1.36. Fuel prices are also dipping lower after an afternoon rally yesterday. Diesel […]

Natural Gas News – May 30, 2019

Natural Gas News – May 30, 2019 Atlanta Gas Light to test adsorbed natural gas technology for light-duty trucks Cobb Business Journal reported: Southern Company Gas subsidiary Atlanta Gas Light announced it will test adsorbed natural gas bi-fuel vehicles with the new integrated fuel storage technology developed by Adsorbed Natural Gas Products Inc. (ANGP). Adsorbed […]

China Escalates Trade War with Rare Earth Exports

Markets are trading sharply lower once again amid a broader financial market sell-off. The Dow Jones Industrial Average over 200 points this morning. Crude is back at its lowest point since March. WTI Crude is trading at $57.60 this morning, down $1.54 from yesterday’s close. Fuel prices are also significantly lower. Diesel prices are trading […]

Natural Gas News – May 29, 2019

Natural Gas News – May 29, 2019 NextDecade awards Rio Grande LNG construction contracts to Bechtel Chron reported: Houston liquefied natural gas company NextDecade has awarded a pair of construction contracts worth nearly $9.6 billion to San Francisco engineering firm Bechtel. Under the deals announced on Tuesday morning, Bechtel will provide engineering, procurement and construction […]

Oil Inches Higher Following Last Week’s Sell-Off

Oil markets are continuing to inch back after the long weekend, following Thursday’s hefty losses. This morning crude oil is trading at $58.87, roughly a dollar above its closing level on Thursday and 24 cents above Friday’s closing price. Fuel prices are also on the up-mend as prices push back near $2/gal. Diesel is just […]

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 […]

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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