Fed Chairman Urges Congress for Stimulus Package

On Wednesday, WTI crude closed slightly higher but is trading sideways in early trading this morning. Despite the resoundingly bullish EIA report yesterday, markets failed to rise above $40/bbl. The dollar strengthened for the fifth day in a row as US equities fell and investors fled to cash. Yesterday’s flight to cash was triggered by […]

Storm Alert – September 23, 2020 – Code Green for all markets

Tropical Storm Beta has been downgraded to a tropical depression. The storm dropped as much as a foot of rain in some areas and caused flooding in Houston and parts of Louisiana. The remnants of the storm are expected to continue to track along the Texas Gulf Coast through Wednesday and move over Louisiana and Mississippi […]

USDOT: 11% Fewer Miles Driven in July

On Tuesday, WTI crude closed slightly higher as it bounced from Monday’s lows. Rising coronavirus cases in Europe and renewed lockdowns in the UK have raised demand fears once again.  Libya returning supply to the market is causing additional worries of adding to the supply glut. Markets are trading up slightly this morning on mixed […]

Mid-Week Review – September 23, 2020

Oil down after U.S. crude inventories rise against expectations Oil prices fell on Wednesday after an industry group reported a surprise rise in U.S. crude, adding to worries about demand that led to a steep selloff earlier in the week. Click here to read more from CNBC. Oil refiners worldwide struggle with weak demand, inventory […]

Storm Alert – September 22, 2020 – Tropical Storm Beta- Code Orange

Tropical Storm Beta made landfall on Monday night along the middle Texas coast near the Matagorda Peninsula. Beta is moving slowly as it tracks directly along the Texas coastline. The system will bring heavy rain, storm surge, and possible flooding from the northern Texas coast to Louisiana over the next few days. In response to the storm, both […]

UK Mulls Second Wave COVID Lockdowns

Crude followed US equities lower yesterday, dropping more than 4% to close at $39.31.  Markets are still fearful that 1 MMbpd of Libyan supply will deepen the oil glut, with a quarter of that coming online by next week. Additionally, Tropical Storm Beta passing over the Gulf Coast with little supply effect removed some bullish […]

Storm Alert – Hurricane Teddy & TD 22 – Code Yellow – September 18, 2020

Hurricane Teddy is currently making its way toward Bermuda. Tropical Depression 22 is developing in the Gulf of Mexico and will likely strengthen as it wanders in the western Gulf through early next week. Mansfield is tracking both disturbances as well as several others in the Atlantic. Mansfield will keep you informed of further developments as […]

OPEC Tightens Compliance as Libya Resumes Output

Oil is trading sideways this morning after gaining nearly 10% over the course of the week. Although OPEC’s focus on increasing deal compliance gave markets a boost over the past two days, Libya’s increased production is giving the market pause. Libya’s oil field has been a source of volatility for years. Militant forces led by […]

Week in Review – September 18, 2020

Blink and you might have missed the faltering oil market from past weeks. WTI crude broke below $40/bbl on September 4, and by the middle of this week had already gained a position above that threshold. The week started with bearish news including the UAE uncharacteristically pumping above their OPEC quota. In addition, Libya announced […]

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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.


Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote