In light of the holidays, FUELSNews will resume normal publications on January 2. Happy Holidays and thank you for reading! After hitting multi-month highs last week, the oil rally fizzled out on Friday, with prices falling almost a dollar after gaining roughly $6/bbl since Dec 1. With holidays keeping trading volume low, any major long-term […]
The crude market was up for the week. It started the week on an upward trajectory on trade news details. By mid-week easing trade tensions and macroeconomic news continued to drive markets higher. EIA inventory numbers were also bullish when compared to the API numbers and those numbers and positive trade sentiment helped to lift […]
Yesterday brought another round of buying, pushing crude oil to close above $61/bbl. Today, prices are fading slightly, with markets slowing heading into a holiday week. Crude oil prices are currently $60.79, down 39 cents. Unlike crude, fuel prices are slightly higher this morning. Diesel prices are trading at $2.0392, up roughly a penny from […]
Oil prices are relatively unchanged this morning. WTI Crude is trading at $60.91, a loss of 2 cents. Fuel is up in early trading this morning. Diesel is trading at $2.0225, a gain of 0.2 cents. Gasoline is trading at $1.6930, a gain of 0.9 cents. On Wednesday, crude prices closed flat after trading lower […]
A surprise build reported by the API is driving crude markets lower this morning. WTI Crude is trading at $60.64, a loss of 30 cents. Fuel is down in early trading this morning. Diesel is trading at $2.0184, a loss of 1.5 cents. Gasoline is trading at $1.6635, a loss of a 2.2 cents. On […]
Oil settles higher for a 4th session in a row Oil futures on Tuesday posted a fourth consecutive gain, building on a rally that has lifted prices to their highest levels in three months in the wake of a “phase-one” U.S.-China trade deal. Click here to read more from MarketWatch. US proved oil & gas […]
Crude is up in early trading this morning. Crude is currently trading at $60.48, a gain of 27 cents. Fuel prices are up. Diesel is trading at $2.0179, a gain of 1.3 cents. Gasoline is trading at $1.6685, a gain of 0.6 cents. Yesterday, crude traded at three-month highs as markets continue to remain positive […]
Markets surged on Friday to close just above the $60/bbl threshold last week, bringing the highest closing price since September as we inch closer to the new year. This morning crude oil is basically flat despite strength for product prices. Crude oil is trading at $60.24, up a small 17 cents Fuel prices are generally […]
The crude market was up for the week. It started the week relatively unchanged on little news, but as mid-week came around, the markets fell on bearish inventory numbers. On Wednesday, prices recovered from session lows on positive trade sentiment and the markets closed the week higher on news of a phase one trade deal […]
Yesterday morning brought an oil price surge as Trump tweeted that the US and China were on the cusp of finalizing a major trade deal. WTI crude briefly touched $60/bbl this morning, the highest price since the Saudi oil attack in September. Currently, crude prices are trading at $59.36, up 18 cents from yesterday’s close […]
