Prices Fizzle Out after EIA Data

The oil complex is trading mostly flat this morning and is set to end the week lower. Crude fell to two-week lows yesterday, losing 87 cents as the market processed an overall bearish EIA report. Although crude saw a large inventory draw, both products and Cushing stocks built, giving the market a more bearish sentiment. […]

Gordon Takes the Driver’s Seat

After a long holiday weekend, the oil complex is soaring higher while Tropical Storm Gordon continues to strengthen as it approaches U.S. shores. Crude prices settled lower on Friday as the market focused on growing U.S. inventories and trade war concerns. Since then, crude has gained over a dollar (2%) to trade at $71.23 this […]

Iran Exports Decline Boosting Prices

Oil prices are higher this morning as the market’s focus shifts to declining Iranian exports. Crude traded over $69 during yesterday’s session before retracting all of those gains and closing the day 40 cents lower. This morning, crude is making some upward movement, gaining 53 cents to trade at $69.06. Fuel prices have also made […]

Inventories and the Dollar

The oil complex is heading higher this morning supported by large draws in crude stocks reported by the API. Crude traded higher during yesterday’s session, closing the day up 73 cents. However, crude saw some after-hours losses due to the September contract expiring and the October contract taking the stage. This morning, crude is continuing […]

Markets Are Looking for Clear Direction

Markets are trading up this morning continuing in yesterday’s momentum. Crude ended the day 52 cents higher on Monday, despite some early morning weakness. This morning, WTI Crude is trading at $67.40, a gain of 97 cents (1.5%). Fuel prices tracked crude closely yesterday with both products closing higher. Gasoline made upward strides, gaining over […]

Iran Confronts Saudi Arabia on Increased Production

Oil markets are trending flat to slightly lower this morning following Friday’s small rally. Although Friday saw some upward price movement, the gains were not enough to keep crude in the black for the week. Market fear over slowing economic growth due to sanctions and tariffs and a surprise build in U.S. inventories gave oil […]

Will Electric Vehicles really be the next step in fuel efficient technology?

Analysis by Madi Burton & Noah Bartz Prices are moving higher this morning, but are still set to end the week in the red. The market continues to digest this week’s bearish inventory data amid an uncertain global market and geopolitical tension.  Crude oil traded up 51 cents and is continuing its upward movement this […]

Inventory Report Causes Prices to Plummet

The oil complex is headed lower this morning after the API reported builds in both crude and Cushing stocks. Crude traded mostly flat during yesterday’s session before closing the day 38 cents lower. During some after-hours trading, crude lost an additional 42 cents. This morning, crude is continuing the downward trend, trading down 65 cents […]

$2 Increase for 2019 Crude Price Forecast

The oil complex is trading back in the black this morning following the sharp mid-week losses. Crude oil traded mostly flat yesterday, closing only 2 cent higher than it opened. This morning, prices have gained 45 cents to trade at $67.26 currently. Fuel prices are also trading in positive territory this morning. Both products saw […]

How Laws of Nature Impact Your Fuel Bill

Prices are moving lower this morning following two days of gains despite constructive crude inventory data. Crude traded up nearly a dollar during yesterday’s session before closing the day just 27 cent higher. This morning, crude is reversing those gains, trading down 89 cents at $68.28. Fuel prices are also dipping lower this morning 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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