Will Oil Reach $140? Goldman Says Yes

Oil prices are rising this morning as summer gasoline prices continue to bode ill for consumers. In many parts of the United States, gasoline prices are well above $5/gallon as reported in Monday’s edition of FUELSNews Daily. With prices continuing their trend upward, many are saying that oil will reach a $150/bbl mark. This week […]

OPEC+ Deal Briefly Drops Prices

This morning crude prices are slightly up and hovering around the $120/bbl mark after falling following an OPEC+ supply deal. This deal saw Saudi Arabia raise their July prices after continued supply disruptions are still evident due to the Russian conflict in the East. Before the Saudis initiated this price increase, OPEC+ decided last week […]

Mid-Week Review – June 1, 2022

Oil prices jump after EU leaders agree to ban most Russian crude imports Oil prices surged on Tuesday after EU leaders reached an agreement to ban 90% of Russian crude by the end of the year. However, prices reversed course around 2 p.m. ET Tuesday following a report from The Wall Street Journal that OPEC is considering […]

Record Gas Prices Hit Pumps

This morning oil prices are up slightly following the continued reaction to the Russian oil ban as well as China ending its Shanghai COVID-19 lockdowns. To make matters worse for consumers, average national gasoline prices have reached a new record-high, causing more pain at the pump as summer driving season has arrived. According to AAA […]

Week in Review – May 27, 2022

Headlines this week included ongoing supply chain tightness, some methods the White House thinks will lower fuel costs, understanding the SPR, and a look ahead to Memorial Day. Summer is nearly here, which means travel is going to pick back up. With fuel supplies stretched thin and gasoline inventories sinking, it’s looking like this summer […]

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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