Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI crude prices continued to slide yesterday, and prices are having a difficult time clinging to $52/b this morning. WTI opened at $51.83/b today, $1.92/b below yesterday’s opening price, and the lowest opening price since December 16th. Current prices are $52.07/b, $0.11 above yesterday’s close. Product prices also dropped steeply, […]

Mansfield Power and Gas Weekly

Analysis by Martin Trotter The first storage report of the new year painted a vastly different picture than the reports produced at the end of 2016. Compared with recent large withdrawals around 200 bcf, last week’s report appeared small – just 49 bcf versus an expected 80 bcf withdrawal. Additional supply in the marketplace now […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI crude prices fell steeply this morning, and are currently below $53/b. WTI opened at $53.75/b today, two cents above Friday’s opening price. Friday’s market closed at $53.99/b. Prices have fallen steeply since then. Current prices are $52.91/b, $1.08 below Friday’s close. Product prices have dropped, following crude prices. The […]

Colonial Pipeline Shuts Line 19 on Suspected Gasoline Leak

Analysis by Dr. Nancy Yamaguchi and Mansfield Supply Colonial Pipeline announced Sunday that it had closed the Line 19 gasoline line near Chattanooga, Tennessee, because of a suspected gasoline leak. An odor of gasoline was reported to the Chattanooga Fire Department. Although Colonial believed that the leak was a small one, it had not located […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI crude prices have hopped back above $54/b this morning. WTI opened at $53.73/b today, an increase of $0.34, or 0.64%, from yesterday’s opening price. During this 4-day holiday week, prices spiked and collapsed on Tuesday, and spent the rest of the week creeping back up. Current prices are $54.12/b, […]

Winter Weather Alert – Northern Plains

Analysis by Alan Apthorp Temperatures in the middle of the U.S. have reached zero and sub-zero temperatures this week, with especially severe weather in the Northern Plains. Wind chill in the North is pushing temperatures to the -20 to -40 range. Several states have received snow and are experiencing high winds, shutting down travel. While […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI prices strengthened yesterday, closing at $53.26/b. Today’s opening price was $53.39/b. Prices have continued to strengthen, and are currently $53.66/b, $0.40 above yesterday’s close. Strength was lent to crude prices by a Bloomberg News survey showing that OPEC production fell by 310,000 bpd in December. However, the planned OPEC […]

Crude oil prices increased in 2016, still below 2015 averages

Source: Energy Information Administration. Principal contributor: Matthew French Crude oil prices ended the year above $50 per barrel (b). Although the annual average West Texas Intermediate (WTI) crude oil price in 2016 was $43/b—down $5/b from 2015—the WTI price ended 2016 at $53/b, $16/b higher than at the end of 2015. Similarly, Brent ended the […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI prices collapsed after spiking as high as $55.24/b yesterday. WTI opened at $52.49/b today, a drop of $1.71, or 3.15%, from yesterday’s opening price. Prices are currently $52.65/b, $0.16 above the market opening value. WTI prices had not closed above $55/b since the first week of July in 2015, […]

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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