Today’s Market Trend

Crude prices are $48.97 this morning, rising $.15 from Friday’s close. Friday saw prices stay relatively flat, gaining just $.30 (.62%) during the trading session. After Thursday’s IEA report caused crude prices to fall nearly $2, prices have been hovering in the $48-$49 range. Prices began this morning lower, but have since risen to just […]

Today’s Market Trend

Crude prices are down to $48.48 this morning, a loss of $.11 since closing yesterday in the red.  Prices yesterday dropped significantly after surpassing $50/bbl, closing the trading session at $48.59, a loss of roughly 3%. Prices opened this morning at $48.52, more than a dollar below yesterday’s opening price. After a week of trading […]

Today’s Market Trend

After yesterday’s draw of crude inventories, crude prices are higher this morning at $50.14 gaining 58 cents (1.7%).Prices saw sizable gains during yesterday’s trading session following the EIA inventory report, rising $.82 (1.7%). The bullish market following the EIA report has continued to give optimism for producers (and pessimism for consumers) that inventories will continue […]

EIA Short-Term Energy Outlook – August 2017

Editor’s Note: Each month the EIA updates its Short-Term Energy Outlook, providing insights into market trends. Of particular interest this quarter is Figure 4, which gives the probability of December prices reaching various price levels. Tomorrow, we’ll share the EIA’s refined product outlook. For more information, check the STEO online: https://www.eia.gov/outlooks/steo/index.cfm Prices: Crude oil benchmark Brent […]

Today’s Market Trend

Crude prices are $49.30 this morning, down 9 cents (.18%) from yesterday’s close of $49.39. The market experienced a price drop of around a dollar between yesterday’s opening price and the day’s low. Crude recovered 85 cents of its $1.05 loss. Refined products opened slightly below yesterday’s closing price. Diesel prices lost slightly over a […]

Gasoline and Diesel Retail Prices

The EIA released its weekly retail gasoline and diesel prices yesterday. Prices for both gasoline and diesel were higher across-the-board once again for the week ended Aug 7, marking the fourth straight week of across-the-board retail price hikes. Refined products globally have received a boost from downtime at Eurpoe’s massive Pernis refinery, the largest refinery […]

Today’s Market Trend

Crude prices are down from Friday’s close by 54 cents to $49.04 (1.09%). Prices closed at $49.58 on Friday, up 63 sent from Friday’s opening of $48.95. This morning opened at $49.59, slightly above Friday’s opening price; however, prices have since declined. Diesel prices are $1.6310, down by a 1.76 cents since Friday’s close of […]

Today’s Market Trend

Crude prices are somewhat lower this morning, falling to $48.91 since closing yesterday. Prices yesterday fell 56 cents (1.1%) to end the trading session at $49.03. This morning, prices opened at $48.95, almost a dollar lower than where they opened on Monday. Refined products are showing mixed results. Diesel prices are down slightly, though they’ve […]

Today’s Market Trend

Crude prices are $49.81 this morning, gaining $.22 (.44%) since closing yesterday. Prices saw sizable gains during yesterday’s trading session following the EIA inventory report, rising $.80 (1.6%). The market bearishness following the API report has given way to more optimism for producers (and pessimism for consumers) that inventories will continue to be drained. Refined […]

Today’s Market Trend

Crude prices are $49.12 this morning, losing 4 cents (.08%) since yesterday’s closing price of $49.16. Prices saw steep losses yesterday, shedding over a dollar and falling back below $50/bbl less than 24 hours after reaching that level. Refined products have seen more strength, with diesel prices gaining .42 cents (.26%) this morning to reach […]

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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