How Laws of Nature Impact Fuel Procurement

Net verses Gross Gallons – What’s the difference? Have you ever questioned why there are two different gallon amounts listed on a BOL (Bill of Lading) for the same delivery? You may have ordered a specific gallon amount (gross) but then were invoiced for a net amount. It’s a common quandary for fuel purchasers. How […]

A Military Exercise in the Middle East

Crude oil is taking a pause this morning following yesterday’s rally. Prices opened the day lower on Thursday before making a complete reversal and heading higher after the EIA reported a large draw in Cushing stocks. This morning, crude prices are trading mostly flat, down just a nickel at $69.91 currently. Fuel prices are trading […]

Twitter Feeds Replace Fuel Price Feeds?

Prices are falling this morning in the wake of a bearish API report. Crude fell $1.29 during yesterday’s session, completely erasing Monday’s gains. This morning, crude is continuing its downward spiral, losing another $1.06 to trade at $67.70. Fuel prices are also plummeting this morning with diesel leading the way lower. After the API reported […]

Crude Tankers Attacked in the Middle East

The oil complex is showing mixed results this morning. Prices made some upward movement yesterday following constructive inventory data and an attack in the Middle East. This morning, crude prices are taking a bit of a breather, trading down 13 cents at $69.48 currently. On the other hand, fuel prices are trading in positive territory with […]

Bullish API Report Gives Prices a Small Boost

The oil market is trending higher this morning following a constructive API report. Crude peaked over $69 yesterday before closing the day at $68.52.  This morning, crude is trading mostly flat but remains in positive territory, gaining a mere 9 cents to trade at $68.61. Fuel prices are also moving higher this morning. Diesel is […]

A Bearish API Report and a Kidnapping

The oil market is continuing its downward trek this morning following a bearish API report. Crude saw some slight volatility yesterday before closing the day mostly flat. This morning, crude is trading lower, giving up 47 cents to trade at $67.61. For perspective, crude opened $6.59 higher just one week ago. Fuel prices are also […]

The Wild Wednesday and a Tipsy Thursday

Yesterday was a prime example of how volatile the market can be. Despite a massive inventory draw, crude prices plummeted yesterday, falling over 5% to end the session at $70.38. This morning, prices are attempting to recoup some of yesterday’s losses, but remain in $70 territory. Crude is currently trading at $70.74, up a mere […]

Trump Throws another Punch in the U.S.-China Trade War

The oil market is experiencing some sell-off this morning driven by additional trade war tension. Crude saw some volatility yesterday before closing the day mostly flat. This morning, crude is marching lower despite a constructive API report, giving up 84 cents to trade at $73.27. Fuel prices are also plummeting, reversing yesterday’s mild gains. Diesel […]

A Strike, a Storm and a Supreme Court Justice

The oil complex is trading higher this morning led by notable gains in fuel prices. Crude prices traded mostly flat yesterday closing a mere 2 cents lower. This morning, WTI crude is currently trading at $74.19, up 34 cents since yesterday. Fuel prices moved higher yesterday strengthened by strong summer demand and operational issues at […]

$60 or $80? Survey Says…

Survey Says… Yesterday, we asked our readers to take the “crude bet” and give their opinion of where prices are headed next. As we mentioned, our supply and marketing team is pretty evenly split. Participants were asked “Will WTI crude hit $60 or $80 first?” The results are in and 63% of survey participants think […]

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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