Prices in Review

WTI Crude opened the week at $75.90. Prices were extremely volatile this week with crude reaching seven-year highs. Friday opened at $78.86, an increase of $2.96 from Monday. Diesel opened the week at $2.3826. Similar to crude, diesel was extremely volatile this week. It opened Friday at $2.4690, an increase of $0.0864 from Monday. Gasoline […]

Week in Review – Sept 24, 2021

This week saw news about what could be the coldest winter many of us have seen in quite some time. Last weekend Goldman Sachs released new information forecasting boosted oil demand this winter season, triggered by an expected colder winter in Europe and Asia. Because of a potential global increase in wholesale power and gas […]

Week in Review – Sept 10, 2021

This week saw major headlines for oil markets as Hurricane Ida efforts continue in much of Louisiana and Mississippi where power is still out for over 300,000 people. With refineries out and COVID-19 cases around the country continuing to increase, oil supply and demand have been clouded and look to remain that way for the […]

Prices in Review

WTI Crude opened the week at $67.71. Prices steadily dropped throughout the week falling Monday’s opening price. Crude opened Friday at $64.05, a decrease of $3.66 from Monday. Diesel opened the week at $2.0689. Similar to crude, diesel fell throughout the entire week. It opened Friday at $1.9642 a decrease of $0.1047 from Monday. Gasoline […]

Week In Review – August 13, 2021

This week saw major headlines for oil markets as the coronavirus continues to disrupt everyday life around the globe. On Monday we saw that fuel hit new multi-month lows as restrictions surrounding the new Delta variant continued to increase. This was accompanied by the sixth named storm of the 2021 Atlantic Hurricane Season, which is […]

Week In Review – August 7, 2021

Being the world’s second largest oil consumer, China is drawing attention as its factory activity continues to draw the wrong attention. Fears that the economic recovery in Asia is taking steps backward mean that this will undoubtedly affect supply and demand moving forward. Factory activity in China fell heavily in July to numbers not seen […]

Week in Review – 3 Reasons Oil Recovered from Last Week’s Drop

Prices continued recovering this week after crashing to $66/bbl last week. WTI crude opened at $72/bbl this week and continued climbing from there. Several supportive headlines for oil prices have kept prices from testing last week’s low. Federal Reserve Sees Positive Outlook. The Federal Reserve kept interest rates near zero on Wednesday, noting that the […]

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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