G20 Summit Provides Opportunity for Trade Talks

Oil is trading steady to slightly lower this morning as traders turn their attention to the G20 Summit in Osaka. After some early morning losses yesterday, crude rallied to end flat with Wednesday’s close. Today, crude is trading at $59.02, down 41 cents. Fuel prices saw steeper losses yesterday, with diesel down 2 cents and […]

EIA’s Refinery Capacity Report – And Why It Matters

The EIA reported this week that 2019 refining capacity has set a new all-time high, meaning more fuel is being produced than ever before. In this case, increased capacity came not through new refineries but through expansion of a site in Texas.  Relative to 2018, capacity rose 1.1% to 18.8 MMbpd, surpassing the previous record […]

Huge Crude Draw Lifts Market

Oil prices are soaring this morning in response to a massive draw from oil inventories. After trading roughly flat since Monday, prices are marching once again towards higher ground. WTI crude is currently trading at $59.48, up $1.65 per barrel (+2.9%). Fuel prices are also seeing meteoric gains. Diesel prices are trading within striking distance […]

Iran Deal Prospects Are “Closed Forever”

With no news to sustain the recent rally in oil markets, oil prices were largely unchanged yesterday, a phenomenon that appears to be continuing this morning. Crude oil is currently trading at $57.95, virtually unchanged from yesterday’s close. Fuel prices are mixed, with diesel generally tracking crude oil while gasoline has seen some strong upward […]

Markets Buoyant on Hopes of Trade Deal

Markets are continuing to see buoyancy as financial markets hit all-time high levels in intraday trading last week, while crude oil prices continued their strong uptrend. Markets have slowed a bit to trading flat this morning. Crude is currently trading at $57.36, up a meager 7 cents. Fuel prices are also rising this morning. Diesel […]

An Explosion in the Night (No, Not Aliens…)

Yesterday marked the largest rally for crude oil this year, with WTI crude surging almost $3/bbl after Iran shot down a US drone. This morning markets remain energized, with fuel leading the way higher. Crude is only mildly up, trading 18 cents higher at $57.25. Fuel prices are being rocked by refinery issues this morning, […]

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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.


Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote