Report Shows Slowing US Oil Production

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 […]

Week in Review

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 […]

Congress Passes USMCA, Reuters Says Recession Averted

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 […]

Easing Trade Tensions

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 […]

China’s Crude Imports Hit New Record High

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 […]

Mid-Week Review – December 18, 2019

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 […]

Trade Deal Details Bring Mixed Results

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 […]

Week in Review

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 […]

“Getting VERY close to a BIG DEAL with China”

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 […]

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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