Today’s Market Trend

WTI crude prices have collapsed below $45.50/b this morning. WTI opened at $45.85/b today, a major drop of $2.13, or 4.44%, below yesterday’s opening price. Current prices are $45.44/b, a further decline of $0.28 below yesterday’s closing price. This is the lowest price in over a month. Diesel opened at $1.4268/gallon this morning. This was […]

U.S. Oil Stocks Jump, Force Prices Down

Oil prices collapsed on June 7th. They had been on a downward path since the close of the OPEC-NOPEC meeting on May 25th, but news of a potentially large drawdown in crude stocks appeared to arrest the downward trend on Tuesday, June 6th. The American Petroleum Institute (API) reported that crude inventories dropped by 4.6 […]

Nat Gas News – June 8, 2017

Nat Gas News – June 8, 2017 In the News Natural gas exports from U.S. to Mexico skyrocket Marketplace reports: As the U.S. re-examines its trade relationship with Mexico, some in Mexico are doing the same – questioning reliance on trade with the north. One focus is natural gas. Pipelines now carry a record-setting amount […]

Today’s Market Trend

WTI crude prices are in the $47.75-$48.00/b range this morning. Prices strengthened for a time yesterday, peaking at a high of $48.40/b, before gradually declining. WTI opened at $47.98/b today, an increase of $0.58, or 1.22%, above yesterday’s opening price. Current prices are $47.87/b, a decrease of $0.30 below yesterday’s closing price. Diesel opened at […]

Nat Gas News – June 7, 2017

Nat Gas News – June 7, 2017 In the News Unitil Files for an Increase in Natural Gas Distribution Rates for New Hampshire Customers Nasdaq reports: Unitil Corporation (NYSE:UTL) announced today that its New Hampshire local natural gas distribution utility filed a rate case requesting approval to increase its natural gas distribution base rates with […]

Today’s Market Trend

WTI crude prices have continued to weaken, and they are in the $47.00-$47.50/b range this morning. WTI opened at $47.40/b today, a decline of $0.31, or 0.65%, below Monday’s opening price. Current prices are $47.28/b, a decrease of $0.12 below Monday’s closing price. Diesel opened at $1.4594/gallon this morning. This was a drop of 2.41 […]

EIA Gasoline and Diesel Retail Prices Update

The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended June 5th, 2017. Prices for diesel decreased slightly, while gasoline prices rose modestly. Retail prices are following crude prices down after the May 25th OPEC meeting. If crude prices continue to weaken this week, it is […]

Nat Gas News – June 6, 2017

Nat Gas News – June 6, 2017 In the News Coal bows to natural gas, as consumption falls to lowest since 1984 Hellenic Shipping News reports: The U.S. electric-power sector last year consumed the lowest amount of coal since 1984—thanks to competition from natural gas. The Energy Information Administration’s Today in Energy report Friday showed […]

Today’s Market Trend

WTI crude prices are in the $47.25-$47.50/b range this morning. Prices sagged for most of Friday before beginning to recover and closing at $47.66. WTI prices during the four-day week ended $2.27 in the red. WTI opened at $47.71/b today, a decline of $0.33, or 0.69%, below Friday’s opening price. Current prices are $47.36/b, a […]

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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