Week in Review

It’s been a fairly calm week for oil markets, as the complex simply chipped away at pre-holiday losses with some steady increases. Quiet trading over the holidays has slowly given way to more activity as traders get over their eggnog- and champagne-induced hangovers. After weeks of focusing on high production and weakening demand, this week’s […]

Saudi Supply Cuts Boost Market

Yesterday saw a wide trading range for the oil complex – products fell in the early morning, soared higher mid-morning, and settled with some mild gains by the end of the afternoon. Crude is currently trading at $46.45 this morning, roughly flat after gaining over $1.00/bbl yesterday. Fuel prices saw similar volatility yesterday, with both […]

Week in Review

I’m including last week’s review again with an update, because it’s a helpful way of summarizing the recent price changes: Many of the declines lately have shown a similar pattern – breech a key psychological barrier, then quickly fall to the next: October 17 – Prices drop below $70. Fell to $65 two weeks later. […]

EIA Shows Tiny Crude Draw, Large Gas Build

Happy New Years! FUELSNews will resume publications on Wednesday, January 2. Have a Safe and Happy Holidays! WTI crude is trading quietly this following, not treading far from Thursday’s close. Crude is currently trading at $45.28, up 67 cents (1.5%) from yesterday’s close. Fuel prices are mixed this afternoon following the EIA’s report. Diesel prices […]

Post-Christmas Rally Undoes Holiday Sell-Off

Markets rebounded from the holiday plunge, gaining over $3.50/bbl while the stock markets roared upwards as well. This morning, though, those gains are struggling to hold on. Crude is currently trading at $45.15, hovering near the $45/bbl level after shedding $1.07. Fuel prices are also lower after hefty gains yesterday. Diesel prices gained 7 cents […]

Mid-Week Review

Under New Management — Russia Now Runs OPEC At the December OPEC meeting in Vienna, Saudi Arabia was unable to convince OPEC members to agree to a deal on supply cuts on the first day of meetings.  Some members felt the Kingdom should bear the brunt of the cuts since they had increased their production […]

Subject: Holiday Weekend Brings Another Sell-off

On Monday during holiday trading, oil broke through the $45 threshold and quickly fell as low as $42.50. Once again, the quick action felt more technical than fundamental, as not much “new” occurred over the holiday weekend to justify a 6% sell-off. Crude is currently rallying this morning, up $1.71 to $44.24. After setting new […]

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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