Today’s Market Trend

Happy Presidents Day! NYMEX markets are closed today in observation of the holiday, so fuel prices comes from Globex 24-hr pricing data. Oil markets are continuing their rebound, following a price correction that lowered prices by $7/bbl. Since falling to a low of $58.20 last week, oil prices opened this morning at $61.63, an overall […]

Today’s Market Trend

Diesel Exhaust Fluid Webinar If your fleet uses diesel exhaust fluid, don’t miss our live webinar next Wednesday. DEF 2018: How to lower costs and right-size storage shares some of the major trends we’ve seen impacting DEF markets this year. DEF can yield great benefits for fleets – lower emissions and improved engine efficiency. Some […]

Today’s Market Trend

WTI crude oil is back above $60/bbl today, thanks to an EIA inventory report that underperformed expected stock builds and a declining dollar. Yesterday saw prices rise by over $1.60 (2.8%), reversing early morning losses. Although prices are trending slightly lower today, the reversal shows there is support to keep prices elevated in the $60/bbl […]

Today’s Market Trend

Happy Valentine’s Day! Oil prices are not feeling the love this morning, though across-the-board red numbers are perhaps appropriate for the holiday. Crude oil prices are continuing to fall, taking us back to prices not seen since December. After giving up almost 50 cents yesterday, crude oil prices are currently trading 78 cents (-1.3%) lower […]

Today’s Market Trend

Yesterday saw sparks of a price rally, with crude prices briefly peaking above $60. The enthusiasm didn’t last, however, and prices ended just slightly above the opening price. Today, crude prices are back to last week’s downward trend, with prices currently at $58.61, a loss of 68 cents (1.15%) since yesterday’s close. Refined fuels broke […]

Today’s Market Trend

Markets are enjoying a slight rebound this morning, as investors are beginning to “buy the dip” in prices. Most financial markets saw heavy losses last week, suggesting the price change is a reaction to potential interest rate hikes rather than changes in any underlying fundamentals. Because the fundamentals still point to higher prices, expect the […]

Today’s Market Trend

Oil markets continue to be affected by spillover stock market losses. Oil prices lost another 64 cents (1.0%) yesterday, continuing the race to lower prices. Today, crude prices are falling still lower, with prices currently down 67 cents (-1.1%) to $60.48. Fuel prices saw much smaller losses yesterday, supported by lower refinery throughputs adding less […]

Week in Review

This week oil markets hit the “undo” button and reversed all of 2018’s gains to date. Where January brought stock draws and strong economic growth projections, February so far has delivered rising inventories and some of the largest single-day stock market losses in history. Is this the reversal we’ve been waiting for so long? Or […]

Today’s Market Trend

Markets plummeted yesterday, with huge across-the-board losses yesterday. A combination of rising U.S. production, a strong dollar, and large oil inventory builds sent prices lower by about 2.5% yesterday. Today, crude oil is trading down 18 cents, at $61.61. For context, that’s more than $2/bbl below where they opened yesterday morning. Refined products also plunged […]

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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