Editor’s Note: The following article is re-printed from FN360 Q3 2017. Renewable fuels are an important part of America’s energy portfolio, and can impact prices by altering supply/demand trends. The legislation mentioned below to extend the biodiesel tax credit remains unpassed following the recent tax bill, but some believe that upcoming legislation to avert a […]
Prices saw mixed results on Friday as the week closed. WTI crude oil managed to eke out some small gains, ending just 5 cents higher than the week’s opening price. Today, crude is up 31 cents (.54%) from Friday’s close to trade at $57.61. Diesel saw a small midday hike on Friday before losing strength and closing the day […]
After some mixed results yesterday, markets are trending higher today. WTI crude oil saw 34 cent (0.6%) gains yesterday, and prices are sustaining this morning, picking up another 7 cents. WTI is currently trading at $57.11, which is $6.15 higher than Brent crude oil. Recall that Brent-WTI spreads have been a growing topic when it comes […]
Markets dropped yesterday despite a generally bullish EIA report, with crude oil shedding 85 cents (1.5%). Yesterday continued the three-day loss streak, with prices falling from $58.02 on Tuesday down to a closing price of $56.40 yesterday, a 2.9% loss. Today, prices are continuing their decline, giving up 29 cents (-0.5%) this morning to trade at $56.31. Fuel […]
Mansfield has noticed growing interest in price risk management tools. Fleet managers who set their budget in the beginning of 2016, when crude prices were below $40/bbl and diesel wholesale rates were $1.00 or less (excluding tax), have felt the pressure of rising prices. With many analysts pointing to diesel wholesale prices surpassing $2.00 next […]
Oil markets took a hit yesterday with a mix of bullish and bearish factors. Prices opened yesterday just above $58/bbl, but ended the day at $57.14. Overnight, crude gained some ground. This morning, prices are trading 48 cents (0.8%) higher at $57.62. Refined products saw similar losses yesterday, with diesel and gasoline both giving up […]
Petroleum Products 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) fell by 4 cents per gallon (gal) from November 1 to settle at $1.70/gal on December 7, 2017 (Figure 5). The RBOB-Brent crack spread (the difference between the price of […]
Oil prices are on the rise this morning, with WTI crude oil up about 31 cents this morning. Crude picked up 74 cents (1.3%) yesterday amid news of a pipeline disruption in Europe. WTI crude prices are currently trading at $58.30 this morning, the highest they’ve traded since early December. Refined products are also receiving […]
Oil markets are generally higher this morning, supported by Nigerian oil production instability. Oil prices saw large gains (71 cents, or 1.3%) on Friday thanks to threats of strikes from the Nigerian union of works. Prices are continuing their gains this morning, though so far gains have been limited to just 14 cents (0.2%). Crude prices are […]
After seeing some small gains during yesterday’s trading session, prices are headed lower across the board. Crude picked up a meager 14 cents yesterday, but gave up those gains and more overnight. Currently, crude prices are trading at $56.84, 78 cents (1.36%) below yesterday’s close. Diesel markets also picked up a nearly 2 cents on […]
