Iranian Oil Builds Off Chinese Shores

The oil complex remains weaker this morning as markets seek clear direction in sentiment. With Iran and US-China trade both looming over financial markets, traders have little clear direction. This morning, crude is trading at $56.03, down 19 cents. Fuel prices are mixed this morning. Diesel prices are trading at $1.8966, down a third of […]

Iran Progress and China Trade

After plunging to new weekly lows on Friday, oil prices are creeping higher again this morning on geopolitical concerns and rumors of US-China trade progress. Crude oil is currently trading at $56.00, slightly higher than Friday’s closing level. Fuel prices are mixed today. Diesel is trading higher at $1.9011, up 1.2 cents from Friday’s close. […]

US Shoots Iranian Drone, Saudi Shows Budget Deficit from Lower Prices

Oil continued sliding yesterday after trading briefly higher in the morning. The decline is partially a response to Tropical Storm Barry’s non-event for petroleum infrastructure, and despite on-going escalation in Iran, markets are still creeping down. Crude oil is currently trading at $55.29, down a penny. Fuel prices are up or flat with diesel trading […]

…Or Don’t Kiss and Make Up – Iran Escalates Again

Oil prices fell once again yesterday after starting the day higher, bringing this week’s total losses to upwards of $3/bbl. Added Iran pressures are causing some tailwinds for markets, but overcoming the bearish EIA report will be a challenge. Crude oil is trading at $55.49. Fuel is following crude lower.  Diesel is trading at $1.8704, […]

Kiss and Make Up – Iran Tensions Cool

Oil saw steep losses to close the day on Tuesday, though the API’s report late yesterday helped give markets a lift. This morning crude oil is trading at $58.33, up 71 cents after shedding almost $2/bbl yesterday. Fuel prices also saw hefty losses yesterday, with both products off by around 4 cents. This morning diesel […]

Iran Tensions Broil as UAE Ship Disappears

Yesterday the front end of the WTI crude price curve dipped gently as Tropical Storm Barry came and went with no long-term affect on fueling infrastructure. Today, though, the market complex appears to be pushing upwards again, with moderate gains across the board. Crude oil is currently trading at $59.90, up 32 cents. Fuel prices […]

Tropical Storm Barry Passes, Market Shifts to China Focus

The petroleum complex is seeing mixed results following Berry’s landfall, with crude trading slightly higher while fuel prices drop. Crude oil is trading flat at $60.24, hardly moved from Friday’s close. Fuel prices are generally lower this morning, though with uneven downside results. Diesel is currently trading at $1.9678, a loss of 1.2 cents since […]

Markets Await TS Berry’s Weekend Landfall

Oil remains steady as we head into the weekend, with markets still resting after Wednesday’s huge gains. Crude oil is trading just slightly higher, at $60.42 after 22 cent gains. Fuel prices are mixed, with diesel tracking crude while gasoline falls. Diesel is trading at $1.9799, flat with yesterday’s close. Gasoline is trading 1.1 cents […]

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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