Today’s Market Trend

Crude prices are flat this morning after substantial losses of over $1.60 (3.3%) on Friday. Prices this morning are $47.69, just slightly above the closing price on Friday. Crude markets continue to be affected by refinery outages in the Houston area; Goldman Sachs estimates that 2.2 million barrels per day of refining capacity remain offline […]

Weekend Summary

Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment. Gas Shortage Shifts from Texas to Florida “We were long-hauling from Florida to Houston last week, and now we’re talking about going from Houston to Florida,” said Andy Milton, senior vice president of supply for […]

Today’s Market Trend

Due to Hurricane Irma’s approach, FUELSnews Daily will only include Today’s Market Trend. We will send out a Storm Alert later today. Crude prices are flat this morning, after trading sideways yesterday. Crude prices began yesterday at $49.14, and ended the day at $49.09. This morning, they’ve slipped to $49.06. With markets focused on Hurricane […]

Today’s Market Trend

Crudes prices are down roughly .5% this morning to $48.90, as markets are losing enthusiasm from the post-Harvey recovery. While much crude refining remains offline, markets appear to believe that production will normalize by the time October’s future month contract comes due. Refined product prices traded mostly flat for most of the morning, but have […]

Today’s Market Trend

Crude prices are $49.16 this morning, their highest levels since the beginning of August. Crude prices grew quickly towards the end of the day, rising from $47.28 to $48.66, a 3% gain for the day. This morning prices are up $.50, or 1%. After prices fell rapidly during Harvey, it appears markets are looking for higher ground. While […]

Today’s Market Trend

Oil prices are finally normalizing somewhat, at least at the national level. NYMEX crude prices are currently at $48.00, after closing Friday at a lofty $47.29. Crude prices fell from a pre-Harvey high of $48 down to the $45 range, but today are more in line with their pre-Harvey prices. This is the trend across […]

Today’s Market Trend

As noted yesterday, having prices role from September contracts to October contracts has had a huge effect on prices this morning. Recall that NYMEX prices are future prices, so the price you see today is for “prompt month” (currently October) delivery. Crude prices are up a dollar to $47.03 this morning, though down overall for […]

Today’s Market Trend

Crude prices remain lower today as refineries in the Gulf remain offline, reducing crude demand. Prices are 46.03 this morning, above their close yesterday of $45.96. Prices have been struggling; crude barrels were trading at a low of $45.58 this morning, the lowest its traded since July. 4.6 MMbpd of refinery production remain offline, keeping […]

Today’s Market Trend

Due to Tropical Storm Harvey, today’s FUELSNews will only feature one article. Our second article will come as a FUELSNews Storm Alert update on the latest fuel impacts of the storm. Crude prices continue to take a beating, with prices falling to $46.11 this morning, a loss of 33 cents (-.71%) from yesterday’s close. With […]

Today’s Market Trend

After falling sharply yesterday, crude prices are $46.58 this morning, a penny above their closing point yesterday. Prices struggled yesterday, giving up $1.32 during the trading session as refineries in the Gulf shut down, reducing the demand for crude oil. Prices have been mostly flat this morning. Fuel prices are much stronger this morning after […]

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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