Russian Oil Hedge – What It Could Mean for Consumers

On Wednesday, WTI Crude fought its way back from nearly $1/bbl down to finish the US session unchanged. In early trading this morning, crude prices are down slightly as investors consider the surprise increase in crude and diesel inventories. Russian President Vladimir Putin gave his government the green light to consider hedging Russia’s oil and […]

API Reports Surprise Crude Build

On Tuesday, WTI Crude closed up sharply on news of a European Union stimulus deal and hopes for a coronavirus vaccine in the near future.  This morning the market is giving back some of those gains in early trading as fears of a resurgence in lockdowns retakes precedents. Also putting downward pressure on markets today […]

Mid-Week Review – July 22, 2020

With oil cheap, Arab states cannot balance their books Peak demand for oil may still be years away, but covid-19 has given the Middle East and north Africa a taste of the future. Prices of the black stuff plummeted as countries went into lockdown. The region’s energy exporters are expected to earn about half as […]

Inventory Data Shows Demand Rising and Cuts Working

Yesterday, crude prices finished the day at 10-week highs after seeing some downward pressure when the EIA reported inventory numbers.  While crude had a surprise draw, products both built more than expected.  The bulls won out as the crude market closed with strength. Markets are seeing an uptick in demand across all products as the […]

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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