EIA Gasoline and Diesel Retail Prices Update

The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended May 29th, 2017. The data release was delayed by one day in observance of Memorial Day. Prices for diesel rose significantly, while gasoline prices rose modestly. Retail prices followed crude prices up during the week leading […]

Today’s Market Trend

WTI crude prices are in the $49.25-$49.50/b range this morning. WTI opened at $49.93/b today, a significant recovery of $1.18, or 2.42%, above Friday’s opening price. Current prices are $49.40/b, back down by $0.40 below Friday’s closing price. Diesel opened at $1.5621/gallon this morning. This was a recovery of 1.5 cents (0.97%) above Friday’s opening […]

Today’s Market Trend

WTI crude prices have dropped sharply to under $48.50/b this morning. WTI opened at $48.75/b today, a major drop of $2.50, or 4.88%, below yesterday’s opening price. Current prices are $48.42/b, a continued decline of $0.48 below yesterday’s closing price. Crude and product prices plunged following the OPEC meeting in Vienna yesterday, despite the fact […]

Weekly Price Review

It was a volatile week for the oil complex. Prices reacted to OPEC announcements leading up to the formal meeting on Thursday. The announcements were generally confident, and the participants appeared to reach consensus for the adoption of a nine-month extension to the production cut agreement. Prices were on a general upward trend. Yet when […]

Today’s Market Trend

WTI crude prices have fallen back down into the $50.50-$51.00/b range this morning. WTI opened at $51.25/b today, a drop of $0.19, or 0.37%, below yesterday’s opening price. Current prices are $50.67/b, a continued fall of $0.69 below yesterday’s closing price. Crude and product prices rose and fell overnight, initially rising above closing levels then […]

Today’s Market Trend

WTI crude prices have strengthened to approximately $51.50/b this morning. WTI opened at $51.44/b today, an increase of $0.40, or 0.78%, above yesterday’s opening price. Current prices are $51.52/b, $0.05 above yesterday’s closing price. Product prices opened higher during the current session and are trending up in early morning trading. Diesel opened at $1.6101/gallon this […]

OPEC Compliance January-April 2017: A Chart Series

OPEC and Non-OPEC producers will be meeting tomorrow to discuss, and possibly finalize, an agreement to extend their production cuts beyond the original January-June 2017 period. The possibility of a six-month extension had been included in the original agreement. However, with global oil inventories remaining stubbornly high, the participants have been considering a nine-month extension […]

Today’s Market Trend

WTI crude prices are just above $51/b this morning. Prices eased slightly from their highs yesterday, but early morning trading has brought a small uptick in prices. WTI opened at $51.04/b today, an increase of $0.44, or 0.87%, above yesterday’s opening price. Current prices are $51.05/b, $0.08 below yesterday’s closing price. Product prices opened higher […]

EIA Gasoline and Diesel Retail Prices Update

The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended May 22nd, 2017. Prices for diesel fell modestly, while gasoline prices rose significantly. Retail prices followed crude prices down over the past four weeks, but with crude prices now on an upswing, product prices are following, […]

Today’s Market Trend

WTI crude prices reached $51.00/b this morning, after continuing their upward trend on Friday. Friday’s market closed at $50.33/b, a gain of $2.48 over the course of the week. WTI opened at $50.60/b today, a major jump of $1.32, or 2.68%, above Friday’s opening price. Current prices are $51.00/b, an increase of $0.67 above Friday’s […]

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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