Today’s Market Trend

Crude prices are down this morning to $49.45/bbl, after briefly surpassing $50/bbl in early morning trading. Prices are off .26 (.5%) from Friday’s close. Prices closed the day Friday at $49.71, a gain of $.54 (1.1%) from the opening price. Prices have been on shaky ground this morning, awaiting clearer news on Venezuela. For refined […]

Today’s Market Trend

Crude prices broke through the $49/bbl threshold last night, and are currently at $49.06. Prices yesterday fluctuated between a low of $48.25 and $49.24, maintaining Wednesday’s gains and looking for more bullish news to justify a push to $50/bbl. Refined products are also slightly higher this morning. Diesel prices have gained $.0039 (.24%) since yesterday […]

Today’s Market Trend

Crude prices are $48.46/bbl this morning, lacking strong directionality following yesterday’s nearly flat trading. Prices rose a mere $.24, or .49%, following the release of the EIA data, which was decidedly less bullish for crude prices than Tuesday’s API report. Still, yesterday’s report confirmed that inventories are finally below 2016 levels for this time of […]

Today’s Market Trend

Crude prices are up this morning at $48.40, gaining $.51 (1.06%) since closing yesterday. Prices soared higher yesterday in repose to the API inventory report, posting their largest percentage gain (3.08%) of the year, and the second largest absolute price gain ($1.43).  Prices this morning are slightly down ($.11) from their opening price this morning, […]

Today’s Market Trend

After losing steam for a few days, crude prices are back above $47 after closing last night at $46.34. Prices are currently $47.18, a gain of 1.81% this morning. Refined products had a much harder time yesterday. While crude prices picked up a 1.6% gain over the course of the day, diesel and gasoline added […]

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 for the week ended July 24. NYMEX prices, which set the tone for wholesale prices nationally and, ultimately, retail prices, rose over 5% during the week before giving up their gains; retail markets […]

Today’s Market Trend

After plummeting $1.50 on Friday, crude prices are up slightly to $45.99 this morning, a gain of 22 cents over Friday’s close. Markets fell dramatically ahead of OPEC’s meeting this weekend as markets expected no constructive announcements. Prices opened at $45.62, nearly $1.30 (2.8%) below Friday’s opening price of $46.91. Diesel price and gasoline prices […]

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. Venezuela instability threatens oil prices “We may be about to see the first sovereign producer to unequivocally fail.” This quote from Helima Crodt, head of commodity strategy at RBC Capital Markets, summarizes the situation in […]

Today’s Market Trend

Crude prices are down this morning to $46.54, 38 cents off from yesterday’s close. Like most days this week, prices yesterday saw a midday peak, followed by declining prices. Prices opened at $46.91 this morning, almost 20 cents down from yesterday’s opening price. Refined products are down as well this morning. Diesel prices are $1.5265, […]

Weekly Price Review

After what seems like it would be a positive week, crude prices appear set to post a slight loss for the week. Prices opened Monday morning at $46.68, and are currently $46.54. Prices fluctuated from a low of $45.81 on Tuesday to a high of $47.55 on Thursday, a range of almost $1.75. Compare this […]

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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