Weekly Snapshot

Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment.  OPEC to Discuss Changing Measure of Success for Supply Cuts OPEC and non-OPEC delegates met in Vienna on Monday to further discuss the current measure of production cuts. One option is to exclude years of […]

US-Saudi Meeting Triggers Rally

Oil prices stayed relatively flat yesterday (perhaps still recovering from St. Patrick’s Day?), keeping losses below half a percent. Today, the market is soaring, gaining over $1 this morning in early trading. Crude prices are currently up $1.13 (1.8%) above yesterday’s closing price, trading at $63.19. Fuel markets were also generally quiet, though gasoline did […]

Natural Gas News – March 20, 2018

Natural Gas News – March 20, 2018 Trump’s Tariffs Could Squeeze U.S. LNG Ambitions in China Tribune-Review reported: New tariffs on Chinese imports could make it harder for U.S. liquefied natural gas exporters to tap into China’s booming market and raise billions for the next generation of Gulf Coast LNG facilities. If the Trump Administration […]

Natural Gas News – March 19, 2018

Natural Gas News – March 19, 2018 FERC Addresses Changes in Income Tax Rates for Electricity, Natural Gas, and Oil Companies Daily Energy Inside reported: The Federal Energy Regulatory Commission (FERC) recently took action regarding changes in the income tax rates due to the Tax Cuts and Jobs Act of 2017 for the electric transmission […]

Today’s Market Trend

The oil complex made small gains Thursday supported by a constructive IEA report. Crude prices gained 24 cents yesterday closing the day at $61.19. This morning, crude remains slightly higher gaining a mere 19 points (.31%) to trade at $61.38 currently. Despite strength in prices this morning, crude is set to end the week lower […]

Today’s Market Trend

After some early week loses, crude prices are trading higher this morning following a volatile day of trading. Prices jumped to a high of $61.97 before falling by $1.70 within an hour during yesterday’s trading session. Tuesday’s early morning rally coincided with the announcement that President Trump intends to replace Rex Tillerson, former Secretary of […]

Weekly Snapshot

Rex Tillerson’s Firing Adds Risk Premium to Market Yesterday Trump announced Rex Tillerson, Secretary of State and former Exxon-Mobil CEO, was being replaced by Mike Pompeo, Director of the CIA. The decision (which Tillerson reportedly learned about via Twitter) adds much uncertainty to oil markets, as well as to international politics and economics. Pompeo supports […]

Today’s Market Trend

Oil markets fell across the board Thursday continuing this week’s trend lower. Crude prices lost $1.21 yesterday after the dollar moved higher, closing the day below $61/bbl. Crude prices made steady gains over night, gaining 63 cents (1.05%) to trade at $60.75 currently. Despite strength in prices this morning, crude is set to end the […]

Fundamentals or Financials? What’s Behind Oil’s Fall

Markets ebbed lower across the board yesterday, with crude prices taking the lead lower. While the EIA’s inventory numbers were significantly less bearish than the API’s forecast, they were still weaker than the market expectations. The real market driver, though, was the financial market, which is still plagued with uncertainty following Trump’s announcement of tariffs. […]

Today’s Market Trend

After some early week gains, crude prices remained mostly flat during yesterday’s trading session. Prices are trending lower this morning after a bearish API report. The EIA also released a bearish Short Term Energy Outlook revealing an increase in U.S. crude oil production over the February report, putting downward pressure on prices. This morning, crude […]

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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