Today’s Market Trend

OPEC officially extended their product cuts through the end of 2018, which caused markets to run up initially before a steep sell-off, and now prices are back near where they started. Crude prices gave up 43 cents (0.7%) yesterday in anticipation of the OPEC announcement, and are today struggling to find a direction, having been […]

Today’s Market Trend

Oil markets managed to eke out some gains yesterday despite trading lower for most of the day. Light volumes have kept prices from gyrating too significantly. Crude picked up a meager 13 cents yesterday, but gave up those gains and more overnight. Currently, crude prices are trading at $57.87, 12 cents below yesterday’s close but still a penny […]

Today’s Market Trend

Markets are on the downward trek this morning thanks to news yesterday evening that the Keystone pipeline will resume activities today, once more allowing fuel to flow from Canada to Oklahoma and Illinois. WTI crude prices have responded by falling 25 cents overnight, and continuing declines today. The bearish news comes after WTI crude had […]

FN360° Exclusive: Fundamentals Point to Higher Prices

Source: FUELSNews Editorial Team Note: The FN360°, delayed by the extreme supply conditions during Hurricanes Harvey and Irma, will be released soon. We’re excited to provide you a summary of market conditions during Q3: How Harvey & Irma disrupted the fuel supply chain Why prices in the Northeast have been so low relative to national […]

Today’s Market Trend

After moderate losses yesterday, oil markets are heading towards higher ground. Oil prices yesterday gave up 60 cents, a notable -1%, as the December contract expired, showing that markets lack confidence in physical supply tightness next month. The contract now rolls over to January, which traded 33 cents higher at last night’s close. Prices are […]

Today’s Market Trend

After a huge rally for fuel products on Friday that reversed the week’s losses, oil markets have lost their enthusiasm. Prices are adjusting lower this morning as traders take their profits and exit the market. Although crude prices could not completely reverse their losses for the week, Friday did reduce the losses from $1.76 at […]

Today’s Market Trend

Oil markets picked up some small gains yesterday, though nowhere near as much as they lost on Tuesday, following an EIA report that was less dramatic than the API report. Crude prices managed to pick up 27 cents yesterday, though prices once again trended lower early this morning. Prices have recouped those losses and are […]

Today’s Market Trend

After heavy losses yesterday following the IEA’s bearish report, oil markets are continuing their turn downward. Crude prices yesterday gave up just over $1/bbl yesterday, sinking back down to the $55 range. Prices are continuing their losses this morning, down 60 cents (1.1%) to $55.10. Refined products also fell yesterday, with gasoline leading the complex […]

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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