Week in Review

As of Friday’s open, the crude market is down for the week.  The week started out relatively flat as markets could not decide which way to go.  Deteriorating U.S.-China trade negotiations and a strong dollar moved oil prices lower in the beginning of the week.  Tensions with Iran and geopolitical instability pushed oil prices in […]

Mid-Week Review

Oil mostly lower as demand concerns pressure price, but Iranian tensions limit loss Oil futures moved mostly lower Tuesday, with U.S. prices pulling back from their best level in nearly three weeks, as the continuing U.S.-China trade dispute weighed on prospects for energy demand, but tensions in the Middle East provided some support.  News that […]

Mid-Week Review

Saudi Arabia says its oil pipeline was hit by drones An oil pipeline that runs across Saudi Arabia was hit by drones Tuesday west of its capital of Riyadh, the Saudi energy minister said, shortly after rebels in Yemen claimed they carried out coordinated drone strikes against the kingdom.  The attacks followed reports of sabotage […]

Week in Review

As of Friday’s open, the crude market is down for the week.  The week opened with a continuation of the previous week’s closing weakness.  The markets were relatively flat through mid-week as markets continued to weigh the effects of sanctions on Iran and Venezualen turbulence versus OPEC+’s ability and desire to make sure the markets […]

Mid-Week Review

Oil slips from 5-month highs as Russia casts doubt on further output cuts Oil prices hit fresh five-month highs on Tuesday, supported by concern that violence in Libya could further tighten supply, although Russian comments signaling willingness to pump more dampened the rally. Supply curbs led by OPEC have underpinned a more than 30 percent […]

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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