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 […]
Effective July 1, 2019, the taxes for fuel products in some states are changing. Below is a list of significant changes Mansfield is tracking. The list is not a comprehensive list as notices continue to come in from various government entities. Please be aware that these changes may affect the way your fuel is priced […]
Oil is taking a breather after several days of hefty gains. Last week, prices began at $52/bbl; yesterday prices came just shy of $60/bbl in intra-day trading, closing with $1.50 gains. Today crude is trading at $59.27, slightly lower with 11 cent losses. Fuel prices are dipping lower as well. Diesel prices are down slightly […]
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 […]
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 […]
Oil prices rise on drop in US crude stocks, refinery outage Oil prices rose on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry data that showed U.S. crude stockpiles fell more than expected. Philadelphia Energy Solutions is expected to seek to permanently shut its oil refinery in […]
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 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 […]
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, […]
For the week, the Crude Market was up. It started out Monday down on generally little news but with the overall global economic slump weighing on the market. Tuesday saw an uptick on the news of renewed hope for a trade deal with China, with a meeting scheduled during the G-20 Summit. By mid-week we […]
