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 […]

Airlines Welcome Uptick in Demand

On Tuesday, WTI Crude finished a quiet day up about 50 cents to close out the June contract with gains on the books.  Oil prices have been on an upward trend for the past three weeks – spurred by increasing demand and OPEC+ production cuts. This morning we are seeing prices lifted by a bullish […]

Fed Chairman States – Don’t Bet Against America

Yesterday, WTI crude broke into the $30 price range for the first time since the 1st quarter of this year. Prices are continuing their upward trend in early trading this morning. The negative prices of last month seem like a distant memory as the June contract prepares to expire while holding onto gains. Several factors […]

Oil Up 15% as US Demand Shows Upward Trend

Oil markets are on track to set a multi-month record with a 5-day up streak if current trends hold. With the OPEC+ price war in the rearview mirror, markets are more comfortable bidding up prices despite weak demand. Inventory builds this week are expected to be smaller than recent builds, and demand seems to be […]

Unemployment at Record Low, IMO 2020 Pressures Diesel

Oil prices are creeping higher this morning after a long streak of down days. Markets have closed lower for the past eight days, so pay attention to see if prices continue sinking today. The longest streak of down days in NYMEX WTI Crude history was 12 straight sessions, a record set just a year ago […]

Week in Review – October 4, 2019

The Crude Market was down for the week.  The week opened with news of continued diplomacy in the Middle East and a strong dollar, both of which put downward pressure on the markets.  Poor manufacturing reports and general macroeconomic pessimism continued to drive markets lower through the week.  The downward trend in equities spilled over […]

Nat Gas News – January 25, 2017

Click here to read the latest NGN In the News SoCalGas withdraws natural gas from Aliso Canyon field, citing high demand after storm The Los Angeles Daily News reports: Southern California Gas Co. has resumed withdrawing natural gas from its Aliso Canyon storage facility on Tuesday near the northwest San Fernando Valley in light of […]

Mansfield Power and Gas Weekly

Analysis by Martin Trotter After disappointing storage data the previous week, demand bounced back, registering a withdrawal of just over 150 bcf for last week’s storage report. The withdrawal, which exceeded some expectations, marked a notable increase in consumer demand week over week and edged storage levels down closer to the 5 year average. While […]

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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