Markets are seeing mixed trends after a slump yesterday. Numerous oil market reports have been released this week, including those from the EIA, OPEC and the IEA, providing insights into upcoming market trends. Crude oil prices are currently trading at $54.95, down 14 cents from Thursday’s close. Fuel prices are trading sideways after some moderate […]
The Crude Market was down for the week. The market started higher on Monday as a continuation of last week’s easing trade tensions between China and the US. Over the weekend, news of a new Saudi energy minister, Prince Abdulaziz bin Salman, could have rocked markets but did not as he reassured markets that no […]
Oil markets fell yesterday following news of a possible softening stance with Iran. WTI Crude is trading at $54.67, a loss of $1.08. Fuel is down, following crude lower. Diesel is trading at $1.8631, down 4 cents. Gasoline is trading lower at $1.5319, down 3.8 cents. The crude market was up in early trading yesterday […]
Lessening tensions in the trade war with China continue to give hope to the markets – oil prices are trading higher this morning. WTI Crude is trading at $57.49, a gain of 9 cents. Fuel is also trading higher today. Diesel is trading at $1.9349, a gain of 0.4 cents. Gasoline is also higher this […]
Bullish Sentiment Is Back In Oil Markets On Sunday King Salman appointed his son Abdulaziz the new energy minister of the country, ousting Khalid al-Falih, who had led the Saudi energy ministry since 2016. While the move could have caused anxiety in trading circles, pressuring prices, assurances that Abdulaziz bin Salman would stay on the […]
Oil prices have risen to their highest level since late July, drawing support from Saudi Arabia’s new energy minister committing to maintain cuts along with reduced risks of a no-deal Brexit. Crude oil is currently trading at $58.30, up 45 cents from yesterday’s close. Fuel prices are trading higher as well, with diesel prices rising […]
After hefty early morning gains yesterday, that market turned lower to end the day flat with Wednesday’s close. This morning, prices are dipping lower despite supportive inventory data from the EIA. Crude oil this morning is trading at $55.47, down 83 cents from yesterday’s close. Fuel prices are also taking a hit this morning. Diesel […]
The Crude Market was up during this short trading week. The market took a downward turn on Tuesday following US-China tariff implementation and Hurricane Dorian cutting into demand. Markets moved higher later in the day on positive news about Brexit and economic data from China. Reports from the API were delayed due to the short […]
Oil prices are continuing their ascent this morning following yesterday’s lofty 4.3% gains. Prices are at their highest level in weeks, though it’s worth mentioning that WTI crude prices have not deviated from their $50-$60 band since May. Today, crude prices are currently $56.98, up 72 cents from yesterday’s closing price. Fuel prices are up […]
After a strong drop in oil prices last Friday, the oil complex remains weak following the long holiday weekend. With Dorian’s track now well away from any Gulf Coast oil wells, there seems to be little risk of a production shut-in. Crude oil this morning is trading at $53.29, down a hefty $1.81 (-3.3%) from […]
