Inflation: What Is It Good For?

The US Dollar is up and fuel prices are down this morning as markets continue monitoring inflation trends. The USD climbed to a 52-week high, which makes fuel proportionately more expensive for foreign countries and therefore drives down trading (and, depending on how much value swings, can also cause physical demand destruction). The Fed announced […]

Week in Review – November 12, 2021

Monday brought along headlines that OPEC+ declined the calls for help from the United States. The U.S. reached out to ask for assistance to curb rising prices, but to no surprise OPEC+ remained strong in their current decision for output. With oil prices hitting over $80 per barrel, consumers are demanding answers – and the […]

Natural Gas News – November 11, 2021

Natural Gas News – November 11, 2021 Summit spotlights benefits of alliances between LNG industry, community Lake Charles Mayor Nic Hunter praised the LNG industry’s role as partners in initiatives that improve the Lake Area quality of life and pushed for an increased “physical footprint.” Bechtel and Chenier representatives talked about workforce training, and two […]

No SPR Release – EIA Reports Improving Supply

Oil prices exploded higher yesterday, with crude picking up over $2/bbl and fuel rising 4-5 cents per gallon. The White House announced it does not plan to release additional crude oil from the Strategic Petroleum Reserve, leaving markets to handle rising prices on their own. This morning, prices are undoing some of yesterday’s gains thanks […]

Mid-Week Review – November 10, 2021

Oil prices slip ahead of U.S. inventory report Oil prices slipped after early gains on Wednesday, though a potential drop in U.S. crude stocks and tighter supplies capped losses. Brent crude futures were at $84.56 a barrel by 1101 GMT, down 22 cents, or 0.3%, after touching a session high of $85.50. U.S. West Texas […]

How A Strategic Reserve Release Affects Prices

This morning, oil prices rose nearing $84 a barrel in response to the United States lifting some travel restrictions as the economy continues to recover, all while supply remains tight. Today crude oil opened at $82.16, diesel at $2.4740, and gasoline at $2.3295. As reported yesterday, the White House continues to monitor the situation with […]

Natural Gas News – November 9, 2021

Natural Gas News – November 9, 2021 Natural Gas Prices Soar As Putin Punks Europe In late October, the market rejoiced and nat gas prices puked (even as we warned this was just the latest joke the Kremlin was playing at gullible Europe’s expense) after news that Russian President Vladimir Putin had asked Gazprom to […]

OPEC+ Approves Small Supply Boost

After a midweek selloff caused by struggling crude inventories, markets are climbing back towards the $80/bbl mark, with oil bulls trying to keep the rally alive. Yesterday, OPEC+ formalized their plan to increase production by just 400 kbpd, keeping supplies tight. Although the decision was no surprise, it does give bullish traders confidence to keep […]

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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