How Iran and China Are Making Your Fuel Prices Lower

Fuel prices continue tumbling, providing some much-needed relief from the oil rally. After rising nearly 30% in the past two months, traders are finally beginning to see some relief, though major banks have suggested that bullish pressure could last throughout the winter. A confluence of factors, mainly stemming from abroad, are helping to bring the […]

Week in Review – October 29, 2021

On Monday, we reported that fuel was again setting new price records. Oil markets continued setting new highs, with diesel prices heading towards $2.60, a price not seen since October 2014. It’s worth noting that at no time in diesel market history have prices stayed at $2.60 – prices only pass that level on their […]

Oil Hits Two-Week Low: Iran Returns to Negotiations

Today oil hit a two-week low, a change of pace from the bullish increase oil has seen over the past few weeks. Lower prices this morning come as a result of the fresh negotiations between Iran and major economies regarding nuclear sanctions. Crude opened the morning at $82.25, diesel at $2.5093, and gasoline at $2.4480. […]

Prices Fall, but Forecasters Say Oil Rally Will Continue

Fuel markets are tumbling this morning thanks to a bearish report from the American Petroleum Institute, which showed US fuel inventories rising more than expected. Crude is down by more than $1.50/bbl this morning, while fuel losses are around 5 cents per gallon. The API published their weekly inventory data this week, which helped temper […]

Mid-Week Review – October 27, 2021

Charts suggest oil prices may peak soon, Cramer says Oil may be near its peak if historical patterns hold true, CNBC’s Jim Cramer said Tuesday. The commodity climbed to new multi-year highs Tuesday amid supply shortages and strong demand. Brent crude futures settled above $86 and U.S. benchmark West Texas Intermediate crude futures settled above $84, each the highest since 2014. […]

Will EVs Replace Fuel Demand? Not by 2050, Says EIA

Earlier in October, the Energy Information Administration (EIA) published a thorough annual report, its International Energy Outlook. This week, the agency highlighted its forecast for convention vs electric light-duty vehicles (LDVs), noting that they expect the world’s conventional light-duty fleet to peak in 2038. The analysis suggests a substantial increase in EVs following 2030, with […]

Natural Gas News – October 26, 2021

Natural Gas News – October 26, 2021 Nat-Gas Surges On Forecasts For Below-Normal U.S. Temps November Nymex natural gas (NGX21) on Monday closed up +0.618 (+11.70%). Nov nat-gas prices on Monday rallied sharply to a 1-week high. Forecasts for below-normal U.S. temperatures the first week of November sparked fund-buying of nat-gas futures on Monday. Also, […]

Can You Trust the Weather? Exploring the NOAA Winter Forecast

Once again, the weather was high among oil market headlines yesterday, though this time the news was more constructive. The National Oceans and Atmospheric Administration (NOAA) is predicting a warmer winter throughout most of the US, with only the Pacific Northwest forecast to experience below-average temperatures. The group is also forecasting a wet winter in […]

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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