Opposing News is Weighed by the Market

The EIA reported a larger-than-expected build in crude stocks.  This bearish news may be outweighed by the first draw at Cushing in seven weeks.  WTI Crude is trading at $56.93 a gain of 16 cents. Fuel is flat this morning.  Diesel is trading at $1.9194, a fractional gain.  Gasoline is trading at $1.6229, also a […]

Week in Review – November 15, 2019

The Crude Market was down for the week.  The market was up and down to start the week as it tried to figure out what to make of pessimistic trade news and OPEC’s jawboning to start the week.  Traders seemed to latch onto bullish inventory news reported by the API late Wednesday of a surprise […]

Surprise Draw is Moving the Markets

A surprise draw in crude stocks is putting upward pressure on prices this morning.  WTI Crude is trading at $57.55 a gain of 43 cents. Fuel is up this morning.  Diesel is trading at $1.9345, a gain of 2.2 cents.  Gasoline is trading at $1.6456, a gain of 0.9 cents. Crude prices rose after the […]

Lack of Trade Deal Progress Weighs on Markets

A lack of progress in getting a trade deal done is putting downward pressure on prices this morning.  WTI Crude is trading at $56.43, a loss of 37 cents. Fuel is down this morning.  Diesel is trading at $1.8718, a loss of 2.6 cents.  Gasoline is trading at $1.6075, a loss of 0.7 cents. On […]

Mid-Week Review – November 13, 2019

World thirst for oil keeps growing, with SUVs a key culprit The world’s thirst for oil will continue to grow until the 2030s, with climate-damaging emissions climbing until at least 2040 — and consumers’ insatiable appetite for SUVs is a big reason why. Mounting demand for plastic is another factor. So is increasing plane travel. […]

Beyond the Rumor Mill

Tired of the oil market rumor mill? Heard too much about China and OPEC? We feel you. Oil prices have been balanced within the $50-$60 range for months now, constantly driven one way or another by speculation regarding US-China trade and OPEC production targets. Nearly every headline on both issues become irrelevant within a week […]

China Economy Weakens but OPEC Not Concerned

Friday saw some bumpy trading action for oil markets, with oil prices slipping in the morning before rising again heading into the close. Weakened trade sentiments are weighing on oil this morning. Crude oil is currently trading at $56.45, down 79 cents from Friday’s close. Fuel prices are sinking lower as well after small losses […]

Week in Review November 8, 2019

Crude markets were up for the week.  Positive sentiment regarding trade talks between the US and China overshadowed bearish inventory news this week.  Agreements between the two countries to cancel tariffs in different phases was the major market driver to close out the week. Mid-week news from the EIA regarding a larger-than-expected crude build moved […]

Trade Deal Progress Dims

After rising to the highest point since September yesterday, crude markets retreated while retaining 80-cent gains. Today, those gains have been shed. Crude oil is currently trading at $56.17, down 98 cents (1.7%) from Thursday’s close. Fuel prices are down as well, with diesel leading the complex lower.  Diesel prices are trading at $1.8795 this […]

Trade Optimism from China Overshadows Bearish Inventory News

Positive trade news out of China late yesterday is driving markets higher this morning.  WTI Crude is trading at $57.30, a gain of 95 cents. Fuel is up in early trading this morning.  Diesel is trading at $1.9439, a gain of 1.6 cents.  Gasoline is trading at $1.6394, a gain of 1.3 cents. On Wednesday, […]

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.

800.695.6626

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