Today’s Market Trend

Crude prices are $49.16 this morning, their highest levels since the beginning of August. Crude prices grew quickly towards the end of the day, rising from $47.28 to $48.66, a 3% gain for the day. This morning prices are up $.50, or 1%. After prices fell rapidly during Harvey, it appears markets are looking for higher ground. While […]

Today’s Market Trend

Oil prices are finally normalizing somewhat, at least at the national level. NYMEX crude prices are currently at $48.00, after closing Friday at a lofty $47.29. Crude prices fell from a pre-Harvey high of $48 down to the $45 range, but today are more in line with their pre-Harvey prices. This is the trend across […]

Today’s Market Trend

As noted yesterday, having prices role from September contracts to October contracts has had a huge effect on prices this morning. Recall that NYMEX prices are future prices, so the price you see today is for “prompt month” (currently October) delivery. Crude prices are up a dollar to $47.03 this morning, though down overall for […]

Today’s Market Trend

Crude prices remain lower today as refineries in the Gulf remain offline, reducing crude demand. Prices are 46.03 this morning, above their close yesterday of $45.96. Prices have been struggling; crude barrels were trading at a low of $45.58 this morning, the lowest its traded since July. 4.6 MMbpd of refinery production remain offline, keeping […]

Today’s Market Trend

Due to Tropical Storm Harvey, today’s FUELSNews will only feature one article. Our second article will come as a FUELSNews Storm Alert update on the latest fuel impacts of the storm. Crude prices continue to take a beating, with prices falling to $46.11 this morning, a loss of 33 cents (-.71%) from yesterday’s close. With […]

Today’s Market Trend

After falling sharply yesterday, crude prices are $46.58 this morning, a penny above their closing point yesterday. Prices struggled yesterday, giving up $1.32 during the trading session as refineries in the Gulf shut down, reducing the demand for crude oil. Prices have been mostly flat this morning. Fuel prices are much stronger this morning after […]

Analysis: Harvey’s Impact on Oil Economics

Tropical Storm Harvey continues to affect the Gulf Coast, shutting down refineries and, to a lesser extent, crude production. Already, the storm has had a severe impact, with fourteen lives lost and severe devastation throughout the Gulf. For the entire Mansfield and FUELSNews teams, our thoughts are with those affected by the storm and the […]

Today’s Market Trend

Crude prices are down to $48.00 this morning after making slight gains yesterday and opening this morning at $48.36. Crude prices have fallen 41 cents (-.85%) since closing yesterday at $48.41. Crude prices weaken despite the relatively constructive EIA U.S. inventory report published Wednesday. Refined products strengthened yesterday and this morning following the EIA report. […]

Today’s Market Trend

Crude prices remain mostly unchanged from yesterday’s close losing a mere 11 points (.23%) to be trading at $47.72 this morning. During yesterday’s trading, crude remained fairly flat with only 83 cents between the high and low of the session. Refined products have made slight gains since yesterday’s close. Like crude, gasoline remained mostly flat […]

Today’s Market Trend

Crude oil prices are relatively unchanged since yesterday’s trading session. Crude prices are down slightly this morning at $47.29, losing 8 points (.17%) from yesterday’s close. Prices have continued their losses this week, shedding $1.22 since Friday’s surprising close. Although crude has given up the majority of its late week gains, it has yet to reach the lows […]

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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