Bullish Supply and Trade News Offset by Inventories

Rising crude stocks are putting downward pressure on prices this morning.  WTI Crude is trading at $52.95, a loss of 41 cents. Fuel is down this morning.  Diesel is trading at $1.9296, a loss of 1.3 cents.  Gasoline is trading at $1.6069, a loss of 1.8 cents. On Wednesday, crude prices rose on news from […]

Partial Trade Deal? Not Yet…

Oil prices are trading lower this morning. Crude oil this morning is trading at $53.45, down $1.25. Fuel prices are also down this morning.  Diesel is trading at $1.9260, down 3.2 cents.  Gasoline is also trading lower at $1.6087, a loss of 3.0 cents. Crude prices are down Monday morning after Friday’s gains.  On Friday, […]

Markets Rise on Lower Output and Equity Gains

Oil prices are getting a lift this morning, a break from the five-day down streak the market has experienced since last week. Crude oil is currently trading at $54.51, up 44 cents. Fuel prices are also moving a bit higher, though the switch to November futures contracts has gasoline trading a bit lower than October […]

Saudi Arabia on Track for Fast Recovery

News of Saudi production coming back on line and inventory builds drove markets lower yesterday and today.  WTI Crude is trading at $56.05, a loss of 44 cents. Fuel is flat this morning.  Diesel is trading at $1.9477, a loss of 0.6 cents.  Gasoline is trading at $1.6310, a gain of 0.6 cents. Crude prices […]

Trump Decreases Trade Optimism

Trump’s rhetoric in the trade war with China drove markets lower yesterday and today.  WTI Crude is trading at $56.40, a loss of 89 cents. Fuel is also trading lower this morning.  Diesel is trading at $1.9445, a loss of 2.3 cents.  Gasoline is also lower this morning, trading at $1.6265, a loss of 2.9 […]

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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