Week in Review – February 3, 2023

With the expiration of monthly fuel contracts this week, the market has turned from February futures contracts to March. The transition brought a cooler market, with crude oil dipping down to $76 this week while diesel is trading below $3/gal for the first time since early January. But that slowdown doesn’t give the full picture […]

IEA: “Two Wild Cards Dominate” in 2023

Oil prices are trending a bit higher this week, with oil closing above $80/bbl for the first time in the new year on Tuesday and Thursday. Monday was a market holiday, but prices have seen plenty of movement the rest of the week. China’s economy continues reopening, prompting the International Energy Agency to forecast a […]

EU Fuel Sanctions Coming Soon – Will Markets Be Ready?

FUELSNews will not be published on Monday, Jan 16 in observance of Martin Luther King, Jr Day. Publications will resume on Tuesday, Jan 17. With Europe’s embargo on Russian fuel quickly approaching, markets are scrambling to take stock of different factors to see what the impact will be. On one hand, a warm winter has […]

Week in Review – Dec 23, 2022

Analysis by Alan Apthorp FUELSNews will not be published on Monday, December 26, or Monday, January 2, due to the holidays. We wish you a happy holiday season and a bright and merry New Year! It’s been a relatively quiet week for fuel markets heading into the holidays, but that’s not stopped the market from […]

Week in Review – Dec 16, 2022

Analysis by Alan Apthorp Fuel markets showed uneven trends this week, with crude oil rising early in the week and falling later. Diesel fuel, on the other hand, saw prices jump 50 cents from last week, before giving up almost 15 cents this morning. As always, volatility reigns supreme for the oil market.   US […]

Week in Review – December 9, 2022

This week, oil prices fell to some of the lowest levels in months. Crude oil slipped down to the low-$70s, and NYMEX gasoline hovers just above $2/gal. Diesel prices are outperforming gasoline still, but even that fuel category has traded well below $3/gal for the week. With the year coming to a close, traders are […]

Week in Review – December 2, 2022

On the heels of a weak holiday trading period, oil prices are trending a bit higher this week, though fuel prices remain suppressed. Crude oil is back above $80/bbl, but diesel remains around $3.25. The mixed results reflect themes in the EIA’s weekly market report, which showed a huge draw from crude oil inventories but […]

Week in Review – November 18, 2022

Oil prices are down into the $70s for the first time since September as the oil market once again grapples with falling demand and a weak economic outlook. Although we’re drawing closer to the EU embargo on Russian oil, markets are also contending with declining demand. So far, price drops into the $70s have been […]

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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