Today’s Market Trend

WTI crude prices are above $53/b this morning. WTI opened at $53.13/b today, an increase of $0.82 above yesterday’s opening, and the highest opening price since March 7th. Current prices are $53.04/b, $0.04 below yesterday’s close. Product prices also posted gains yesterday and appear to be stabilizing this morning, though gasoline has dipped more than […]

Today’s Market Trend

WTI crude prices are above $52/b this morning for the first time in a month. Prices surged last night after the announcement of U.S. missile strikes on the Shayrat airfield in Syria, which President Trump stated was used as the base for Syrian chemical weapons attacks that killed more than eighty people. The markets had […]

Today’s Market Trend

WTI crude prices climbed back above $51/b this morning, after yesterday’s price dip. WTI opened at $50.80/b today, a drop of $0.38 below yesterday’s opening. Current prices are $51.36/b, $0.21 above yesterday’s close. Diesel prices also recovered this morning, whilst gasoline prices are stable. Diesel opened at $1.596/gallon in today’s trading session. This was a […]

Today’s Market Trend

WTI crude prices have climbed above $51.50/b this morning. WTI opened at $51.18/b today, a significant jump of $0.94 above yesterday’s opening, and the highest opening price in four weeks. Current prices are $51.59/b, $0.56 above yesterday’s close. Product prices also have risen significantly. Diesel opened at $1.5982/gallon in today’s session. This was an increase […]

DTNA’s Achenbach: ’10 miles per gallon will become the new normal’

Dr. Wilfried Achenbach was a featured speaker at the Green Truck Summit in Indianapolis recently. Diesel prices at their lowest point in more than a decade have hindered wide adaptation of alternative fuels, but historical volatility in the market underpins the transportation industry’s efforts. “In 2007, we had $60 per barrel oil,” says Mark Howerton, […]

Today’s Market Trend

WTI crude prices are at approximately $50.75/b this morning. Friday’s prices opened above $50/b for the first time in three weeks, and prices remained strong during the day, allowing WTI to end solidly in the black for the week. WTI opened at $50.69/b today, an increase of $0.37, or 0.74%, above Friday’s opening price. Current […]

Today’s Market Trend

WTI crude prices are back above $50/b this morning for the first time in three weeks. WTI opened at $50.32/b today, an increase of $0.72, or 1.45%, above yesterday’s opening price. Current prices are $50.23/b, down $0.12 below yesterday’s close. Product prices also strengthened yesterday and appeared to plateau overnight, with some pre-weekend profit taking. […]

U.S. oil producers issued record equity in 2016 and increased investment in the final quarter

A group of 44 U.S. onshore-focused oil producers issued a record amount of equity in 2016. In the fourth quarter of 2016, capital expenditure for these companies was $4.9 billion (72%) higher than in the fourth quarter of 2015. This increase in investment spending was the first year-over-year increase since the fourth quarter of 2014 […]

Today’s Market Trend

WTI crude prices have climbed back to nearly $48.50/b this morning, opening at their highest level in three week. WTI opened at $49.60/b today, a major jump of $1.13, or 2.33%, above yesterday’s opening price. Prices are $49.45/b currently, down $0.06 from yesterday’s close. Already this session, WTI prices have gone as high as $49.94/b. […]

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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