It’s been a fairly quiet day for oil markets following some moderate gains yesterday. Crude picked up just shy of 70 cents yesterday, pulled higher by rising fuel prices. After some early morning losses, crude is once again gaining steam. WTI crude prices are currently $68.93, a gain of 17 cents over yesterday’s close. Fuel […]
The oil market is continuing its downward trek this morning following a bearish API report. Crude saw some slight volatility yesterday before closing the day mostly flat. This morning, crude is trading lower, giving up 47 cents to trade at $67.61. For perspective, crude opened $6.59 higher just one week ago. Fuel prices are also […]
The Best and Worst Oil Price Predictions Cognitive psychology (not something you hear about much in FUELSNews!) says people suffer from confirmation bias – we tend to find and remember news that aligns with our pre-existing beliefs. The antidote to confirmation bias is reading the opinions of those who disagree with us. This article, then, […]
FUELSNews 360 – Fresh off the press! Download your copy today! Read more below. Market Update Webinar: Industry Experts Face off on Fuel Prices and Supply Sign Up Now! Learn more below. Markets plummeted nearly $3/bbl yesterday, taking prices starkly below $70/bbl once again. This morning markets are taking a bit of a breather. Crude prices this morning are trading mostly […]
Markets are beginning the week with some steep losses, following allegations that Trump may intervene to lower fuel prices. Crude oil began to recover on Friday after last Wednesday’s huge sell-off, but those losses have eroded this morning. Crude managed to reach $71 on Friday; this morning crude prices are trading at $69.32, a loss […]
After Wednesday brought the largest single-day crude price drop since August 2015, markets have stabilized, with prices yesterday ending just slightly above Wednesday’s close. This morning, prices continue to show meager gains. WTI crude oil is currently trading at $70.44, a gain of 11 cents. Fuel prices are also trending slightly higher after their losses. […]
Yesterday was a prime example of how volatile the market can be. Despite a massive inventory draw, crude prices plummeted yesterday, falling over 5% to end the session at $70.38. This morning, prices are attempting to recoup some of yesterday’s losses, but remain in $70 territory. Crude is currently trading at $70.74, up a mere […]
The oil market is experiencing some sell-off this morning driven by additional trade war tension. Crude saw some volatility yesterday before closing the day mostly flat. This morning, crude is marching lower despite a constructive API report, giving up 84 cents to trade at $73.27. Fuel prices are also plummeting, reversing yesterday’s mild gains. Diesel […]
The oil complex is trading higher this morning led by notable gains in fuel prices. Crude prices traded mostly flat yesterday closing a mere 2 cents lower. This morning, WTI crude is currently trading at $74.19, up 34 cents since yesterday. Fuel prices moved higher yesterday strengthened by strong summer demand and operational issues at […]
Oil prices swung higher on Friday, helping crude eke out a minor weekly gain of 18 cents. This morning, crude prices are relatively calm, barely moving from Friday’s closing price. WTI crude is currently $73.69, down just 11 cents since Friday. Fuel prices are showing significantly higher gains this morning. Diesel prices are racing higher this […]
