Week in Review – July 1, 2022

Heading into the holiday weekend, fuel prices are springing higher, though not fully offsetting losses seen earlier this week. This week has been filled with volatility, with gasoline shedding 20 cents from Monday’s close while diesel fell by 30 cents. Today’s ten-cent gains undo some of those declines, but overall the week has moved in […]

US Crude Hits Fresh 2.5-Yr Highs as Goldman Calls for $80 Oil

Oil prices reached a fresh high yesterday, spurred higher by demand optimism. Goldman Sachs reiterated its bullish forecast to its customers, stating that Brent crude prices may overshoot their $80/bbl price target. Given where prices are today, that forecast suggests at least another 20 cent per gallon increase in fuel prices before the end of […]

Is the Next Bull Supercycle Here?

Understanding and predicting oil prices can be a challenging, but some forecasters believe that oil markets move in overarching waves that drive market prices higher or lower. Using this theory, some believe that oil prices are heading back towards higher ground again. A JP Morgan quantitative analyst, Marko Kolanovic, is forecasting a commodity “supercycle,” driven […]

Week in Review – February 12, 2021

After nearly two straight weeks of rallying oil prices, oil markets finally halted their streak during Thursday’s trading session. The market experienced bullish price drivers this week, including a sizable crude oil draw reported by the EIA midweek. Overall, the two-week rally caused crude prices to rise by $5/bbl, diesel by $.15, and gasoline by […]

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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