The Fed is ready to cut rates as needed

Crude prices are falling on inventory reports from the API this morning.  Crude is trading at $52.64, down 84 cents from yesterday’s close. Fuels are also down this morning due to larger than expected builds reported by the API.  Diesel is trading at $1.7942, down 2.7 cents.  Gasoline is also lower, trading at $1.7020, a […]

Mid-Week Review

Oil prices slide on US inventory build, equity rally caps losses U.S. crude inventories rose unexpectedly last week, while gasoline and distillate stockpiles built more than expected, American Petroleum Institute data showed.  Oil prices have fallen sharply on concerns about slowing demand, but won some respite Tuesday after a global stock market rally on hopes […]

Modest Rally Brewing in the Shadow of Slowing Oil Demand

A modest rally is brewing as the specter of a slowing global economy and slowing oil demand continue to loom.  Crude is currently trading at $53.56, a gain of 31 cents. Fuel prices are mixed.  Diesel is following crude trading at $1.8225, up 1.6 cents.  Gasoline is trading lower at $1.7226, a loss of 1.9 […]

Trade Wars Fear – Have We Reached the Bottom Yet?

The crude market is trading up this morning following last week’s dramatic decline.  Crude this morning is trading at $53.85, up from Friday’s close by 35 cents. Fuel prices are relatively flat.  Gasoline is currently trading for $1.7696, down fractionally.  Diesel prices are $1.8417, up fractionally. The continued escalation of the trade war with China […]

Stock Up on Avocados – Mexico Tariffs Announced by Trump

Oil is plummeting once again, with both gasoline and diesel trading below $1.90. The recent dip in prices has sent many fuel consumers rushing to lock in fixed forward prices, given volatility and uncertainty regarding whether prices will rise or fall. This morning crude is trading at $55.23, down $1.36 (-2.4%) to its lowest level […]

Saudi Calls Emergency Summits on Drone Strikes

An early afternoon rally yesterday helped to significantly narrow losses, rising from a daily low of $56.88 to a closing price of $58.81. Today, the late EIA report is sending prices lower once again. WTI crude is currently trading at $57.45, down $1.36. Fuel prices are also dipping lower after an afternoon rally yesterday. Diesel […]

Natural Gas News – May 30, 2019

Natural Gas News – May 30, 2019 Atlanta Gas Light to test adsorbed natural gas technology for light-duty trucks Cobb Business Journal reported: Southern Company Gas subsidiary Atlanta Gas Light announced it will test adsorbed natural gas bi-fuel vehicles with the new integrated fuel storage technology developed by Adsorbed Natural Gas Products Inc. (ANGP). Adsorbed […]

China Escalates Trade War with Rare Earth Exports

Markets are trading sharply lower once again amid a broader financial market sell-off. The Dow Jones Industrial Average over 200 points this morning. Crude is back at its lowest point since March. WTI Crude is trading at $57.60 this morning, down $1.54 from yesterday’s close. Fuel prices are also significantly lower. Diesel prices are trading […]

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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