Although the EIA’s weekly oil report appears bearish on first glance, markets moved higher regardless. Crude oil rallied on a significant Cushing crude draw. After rising 80 cents yesterday, crude oil is trading at $53.55 this morning, down 35 cents. In contrast, fuel prices are trading in the black this morning thanks to high refinery […]
Oil prices are up slightly this morning, gaining positive traction as government shutdown risks diminish and oil stocks fall. Crude is currently trading at $53.59, up 49 cents since yesterday’s close. Fuel prices are also seeing a boost this morning. Diesel prices, buoyed by a strong inventory draw, are trading at $1.9319, up 2.5 cents. […]
Markets are rebounding from last week’s dip in prices, with markets becoming more hopeful that a second government shutdown will be averted. Crude oil is trading higher this morning at $53.52, up $1.11. Fuel prices are also getting a lift this morning. Diesel prices are trading at $1.9179, a gain of 2.6 cents since yesterday’s […]
Today brings another sell-off in the petroleum market, as markets put their focus on US-China trade talks and OPEC production. Crude is trading at $52.08, down 64 cents. Fuel is also trading lower with diesel prices this afternoon trading at $1.8940, down 1.5 cents. Gasoline prices are lower too, trading at $1.4195, down 2.7 cents. […]
Crude oil remains confined to the $53-$55 band, where it’s traded for the past two weeks. January’s $10/bbl run-up in prices was the largest January bull market in history, so now markets appear to be taking a breather and testing whether another rally is in order. WTI crude is trading at $53.53, a loss of […]
Oil trading just slightly lower this morning following an inventory report yesterday that did little more than confirm market expectations. Crude took a hit yesterday, falling back roughly a dollar from the previous day’s close, and over $1.50 below Friday’s close above $55/bbl. Crude oil this morning is trading at $53.54, hardly changed from Tuesday’s […]
Reaching losses of $2/bbl yesterday, WTI crude managed to claw back most of the losses to settle just 1.3% lower for the day, while fuel prices saw losses under a penny. This afternoon prices are tapering down just slightly, relatively close to yesterday’s closing price. Crude oil is trading at $53.84, a loss of 72 […]
WTI climbed higher on Friday to close above $55, the highest close since November 19. This morning, prices have turned lower and given up most of Friday’s gains amid profit taking. Crude oil is currently trading at $54.23, down $1.03 from Friday’s close. Fuel prices are also in the red this morning, though prices have […]
After flirting with the $55/bbl threshold yesterday, oil prices ended slightly lower, but still locking in nearly a dollar in gains. This morning, crude prices continue rising, trading at $55.17 after picking up 94 cents. Fuel prices are also trending higher. Diesel popped above $1.90 this morning, currently trading at $1.9215 after picking up 2.3 […]
Oil is trading sharply higher this morning after the EIA reported a decidedly bullish inventory change this morning. Prices climbed $1.30 yesterday, and appear on track for gains of a dollar or more this morning. Crude oil is currently trading at 54.73, up $1.42 from yesterday and at the highest level since mid-November. Fuel prices […]
