Today’s Market Trend

WTI crude prices are just above $51/b this morning. Prices eased slightly from their highs yesterday, but early morning trading has brought a small uptick in prices. WTI opened at $51.04/b today, an increase of $0.44, or 0.87%, above yesterday’s opening price. Current prices are $51.05/b, $0.08 below yesterday’s closing price. Product prices opened higher […]

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 May 22nd, 2017. Prices for diesel fell modestly, while gasoline prices rose significantly. Retail prices followed crude prices down over the past four weeks, but with crude prices now on an upswing, product prices are following, […]

Today’s Market Trend

WTI crude prices reached $51.00/b this morning, after continuing their upward trend on Friday. Friday’s market closed at $50.33/b, a gain of $2.48 over the course of the week. WTI opened at $50.60/b today, a major jump of $1.32, or 2.68%, above Friday’s opening price. Current prices are $51.00/b, an increase of $0.67 above Friday’s […]

OPEC Net Oil Revenues in 2016 Were the Lowest Since 2004

Members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues in 2016, the lowest since 2004. In real dollar terms, the 2016 revenue represents a 15% decline from the $509 billion earned in 2015, mainly because of the fall in average annual crude oil prices and, […]

Nat Gas News May 22, 2017

Nat Gas News – May 22, 2017 In the News The Future of Natural Gas Development on the Western Slope WesternSlopeNow.com reports: Around 35% of Colorado is federally owned land, managed by agencies like the National Forest Service, National Park Service, and the Bureau of Land Management. The Western Slope is a resource rich area, […]

Today’s Market Trend

WTI crude prices have risen above $50/b this morning. WTI opened at $49.28/b today, an increase of $0.35, or 0.72%, above yesterday’s opening price. Current prices are $50.10/b, a significant increase of $0.75 above yesterday’s closing price. Prices have strengthened over the past two days based upon a favorable set of supply and inventory data, […]

Weekly Price Review

Crude prices this week had several sharp up-down cycles caused by supply-demand headlines and worsening political turmoil. Overnight and early morning trading finds the market in the midst of a strong rally, and WTI has regained the $50/b level. WTI opened at $49.28/b today, an increase of $0.35, or 0.72%, above yesterday’s opening price. Current […]

Nat Gas News – May 19, 2017

Nat Gas News – May 19, 2017 In the News West Virginia’s Senators Urge Appalachian Natural Gas Hub US News reports: West Virginia’s U.S. senators are urging federal officials to consider building a major natural gas storage and distribution hub in the Appalachian region. In a letter Thursday to National Economic Council Director Gary Cohn, […]

Today’s Market Trend

WTI crude prices have retreated to approximately $48.50/b this morning. WTI opened at $48.93/b today, an increase of $0.70, or 1.45%, above yesterday’s opening price. Current prices are $48.52/b, $0.55 below yesterday’s closing price. Prices yesterday opened weakly, but they rose upon a favorable set of supply and inventory data. However, both crude and product […]

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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