Today’s Market Trend

Crude prices are $48.97 this morning, rising $.15 from Friday’s close. Friday saw prices stay relatively flat, gaining just $.30 (.62%) during the trading session. After Thursday’s IEA report caused crude prices to fall nearly $2, prices have been hovering in the $48-$49 range. Prices began this morning lower, but have since risen to just […]

Today’s Market Trend

Crude prices are down to $48.48 this morning, a loss of $.11 since closing yesterday in the red.  Prices yesterday dropped significantly after surpassing $50/bbl, closing the trading session at $48.59, a loss of roughly 3%. Prices opened this morning at $48.52, more than a dollar below yesterday’s opening price. After a week of trading […]

Today’s Market Trend

After yesterday’s draw of crude inventories, crude prices are higher this morning at $50.14 gaining 58 cents (1.7%).Prices saw sizable gains during yesterday’s trading session following the EIA inventory report, rising $.82 (1.7%). The bullish market following the EIA report has continued to give optimism for producers (and pessimism for consumers) that inventories will continue […]

Shot-Term Energy Outlook

Gasoline prices: The front-month futures price of reformulated blendstock for oxygenate blending (RBOB, the petroleum component of gasoline used in many parts of the country) rose by 10 cents per gallon (gal) from July 3, settling at $1.63/gal on August 3 (Figure 5). The RBOB-Brent crack spread (the difference between the price of RBOB and […]

Today’s Market Trend

Crude prices have remained fairly unchanged at $49.55, up just 38 cents (.77%) from yesterday’s close. Even after the API’s report was released, showing 7.8MM bbls draw, crude remained flat throughout the day suggesting that markets are more cautious to make decisions based on the API report. Like crude, refined products also experience very little […]

Today’s Market Trend

Crude prices are $49.30 this morning, down 9 cents (.18%) from yesterday’s close of $49.39. The market experienced a price drop of around a dollar between yesterday’s opening price and the day’s low. Crude recovered 85 cents of its $1.05 loss. Refined products opened slightly below yesterday’s closing price. Diesel prices lost slightly over a […]

Today’s Market Trend

Crude prices are down from Friday’s close by 54 cents to $49.04 (1.09%). Prices closed at $49.58 on Friday, up 63 sent from Friday’s opening of $48.95. This morning opened at $49.59, slightly above Friday’s opening price; however, prices have since declined. Diesel prices are $1.6310, down by a 1.76 cents since Friday’s close of […]

Part 2: Maritime Chokepoints Are Critical to Global Energy Security

Editor’s Note: Last week, we shared the EIA’s report on critical maritime areas that affect global energy security. This week, the EIA focused on the types of transportation flowing through those areas. Crude tankers transport much of the crude used globally. Understanding the relative size and importance of different types of crude tankers can help […]

Today’s Market Trend

Crude prices are $49.12 this morning, losing 4 cents (.08%) since yesterday’s closing price of $49.16. Prices saw steep losses yesterday, shedding over a dollar and falling back below $50/bbl less than 24 hours after reaching that level. Refined products have seen more strength, with diesel prices gaining .42 cents (.26%) this morning to reach […]

Today’s Market Trend

After eight consecutive sessions of price gains, crude prices are down $.34 (.68%) to $49.83, after closing the session yesterday above $50 for the first time since May. Prices opened this morning at $50.21, 4 cents higher than yesterday’s close of $50.17, but have fallen amid lack of news to push the market higher. Refined […]

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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