Today’s Market Trend

WTI crude prices have strengthened to $46.50/b this morning. WTI prices were flattish on Friday, but ended the day up by $0.12/b. The week ended $1.88/b in the red. WTI opened at $45.80/b today, an increase of $0.09, or 0.20%, above Friday’s opening price. Current prices are $46.50/b, up by $0.67 from Friday’s closing price. […]

Today’s Market Trend

WTI crude prices have collapsed below $45.50/b this morning. WTI opened at $45.85/b today, a major drop of $2.13, or 4.44%, below yesterday’s opening price. Current prices are $45.44/b, a further decline of $0.28 below yesterday’s closing price. This is the lowest price in over a month. Diesel opened at $1.4268/gallon this morning. This was […]

U.S. Oil Stocks Jump, Force Prices Down

Oil prices collapsed on June 7th. They had been on a downward path since the close of the OPEC-NOPEC meeting on May 25th, but news of a potentially large drawdown in crude stocks appeared to arrest the downward trend on Tuesday, June 6th. The American Petroleum Institute (API) reported that crude inventories dropped by 4.6 […]

Today’s Market Trend

WTI crude prices are in the $47.75-$48.00/b range this morning. Prices strengthened for a time yesterday, peaking at a high of $48.40/b, before gradually declining. WTI opened at $47.98/b today, an increase of $0.58, or 1.22%, above yesterday’s opening price. Current prices are $47.87/b, a decrease of $0.30 below yesterday’s closing price. Diesel opened at […]

Today’s Market Trend

WTI crude prices have continued to weaken, and they are in the $47.00-$47.50/b range this morning. WTI opened at $47.40/b today, a decline of $0.31, or 0.65%, below Monday’s opening price. Current prices are $47.28/b, a decrease of $0.12 below Monday’s closing price. Diesel opened at $1.4594/gallon this morning. This was a drop of 2.41 […]

Oil companies’ proved reserves decline for second consecutive year as finding costs remain near historical average

Information in the 2016 annual reports of 68 publicly-traded oil companies indicates that their aggregate proved reserves declined in 2016 for the second consecutive year. In addition, reported finding costs—which are exploration and development expenditures per barrel of proved reserves added—remain near their historical average. The decline in proved reserves was heavily concentrated in a […]

Nat Gas News – June 5, 2017

Nat Gas News – June 5, 2017 In the News Benefits-versus-politics battle rages over U.S. Northeast’s natural gas needs Daily Energy Insider reports: New York Gov. Andrew Cuomo’s administration recently announced that construction would begin later this year on a new microgrid to power Empire State Plaza in Albany, a downtown complex housing several state […]

Today’s Market Trend

WTI crude prices have dropped to approximately $47.00-$47.50/b this morning. WTI prices languished yesterday and closed at $48.36/b. WTI opened at $48.04/b today, a decline of $0.59, or 1.21%, below yesterday’s opening price. Current prices are $47.39/b, down significantly by another $0.97 below yesterday’s closing price. Diesel opened at $1.5001/gallon this morning. This was a […]

Today’s Market Trend

WTI crude prices are approximately $48.25-$48.50/b this morning. Yesterday, prices continued to weaken, falling as low as $47.73 before recovering modestly to close at $48.32/b. WTI opened at $48.63/b today, a drop of $1.02, or 2.05%, below yesterday’s opening price. Current prices are $48.26/b, down by $0.06 below yesterday’s closing price. Diesel opened at $1.5234/gallon […]

Today’s Market Trend

WTI crude prices have retreated to the $48.50-$48.75/b range this morning. Yesterday brought a rally that reclaimed the $50/b mark for a time, but prices subsided through closing, and they ended up down by $0.27 for the day. WTI opened at $49.65/b today, a decline of $0.28, or 0.56%, below yesterday’s opening price. Current prices […]

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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