Canada to Maintain Production Cap

Oil continues its creep higher this morning, ending yesterday relatively slightly higher despite moving lower earlier in the day.  Inventory data is the highlight story of the day, along with news from our neighbor to the north. Today crude is trading at $57.01, up 88 cents (1.6%) from yesterday’s close. Fuel prices are up in […]

Yemen Attack on Saudi Oil Field Highlights Middle East Tension

With prices up, down, and all-around last week, it will be interesting to see how things shake out this week. Today oil is trading higher following new geopolitical risk in the Middle East, which highlights the dangerous territory the region has become. Crude oil is currently trading at $55.77, up 90 cents. Fuel prices are […]

Iranian Tanker Released, US Cracks Down on Sanctions

Markets once again dropped yesterday amidst weakened economic prospects, and today prices are trading relatively flat. Crude prices are currently $54.79, up 32 cents. Fuel prices are also in the green, though with mixed degrees of exuberance. Diesel prices are trading flat at $1.8117. Gasoline prices are leading the market higher, trading up 1.4 cents […]

3 Strong Indicators a Recession is Coming

Oil prices are heading south once again after securing $2/bbl gains yesterday, just another turn of the oil price roller coaster we’ve been through this summer. Crude oil prices are trading at $55.38 this morning, down $1.72 from Tuesday’s close. Fuel prices are also falling today, though not quite as much as crude. Diesel prices […]

Trade War Delayed (Again…)

Oil prices are rocketing higher once again amidst easing tensions between the US and China. Having fallen as far as $50/bbl last week, today crude oil is trading at $57.09, up $2.16 (3.9%) from yesterday’s close. Fuel prices are also putting up some big gains. Diesel prices are currently trading at $1.8678, up 6.2 cents […]

US Rig Count Keeps Falling

Following a tumultuous week for fuel prices, the weekend was relatively calm. Picking up $2/bbl on Friday, the week ended with light $1/bbl losses relative to the beginning of the week. Today, crude prices are flat after a brief stint higher, currently at $54.33. Fuel prices are mixed, with diesel staying flat while gasoline prices […]

Saudi Props Up Market

Although prices have dropped precipitously this week to the lowest point since January, late-week action has brought a move higher. Crude prices climbed over a dollar higher yesterday, while fuel put in roughly 2.5 cent gains. This morning, WTI crude is trading at $54.31, up $1.77 (3.4%). Fuel prices are also continuing to climb higher. […]

Saudi Arabia counters EIA Data & Trade War

Oil markets rocketed lower once again yesterday following a wave of bearish economic indicators worldwide and the EIA’s inventory report. WTI Crude is recovering some ground, trading at $52.13, a gain of $1.04. Fuel is up marginally, following crude higher.  Diesel is trading at $1.7599, up 0.7 cents.  Gasoline is trading higher at $1.6419, up […]

Already a Busy Week for US Foreign Policy

Oil prices see-sawed yesterday, ending the session with roughly $1/bbl losses, while fuel prices saw steady declines throughout the day. Today markets are generally trading flat/slightly higher. Crude is currently at $54.77, unchanged from yesterday’s close. Fuel prices are moderately higher after hefty losses yesterday. Diesel prices, down 5.5 cents yesterday, are currently trading at […]

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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