Weekly Price Review

Crude prices marched up this week, finally re-attaining the psychologically important $50/b level for the first time in three weeks. Prices opened higher four days out of five this week. The upward trend in crude and product prices has plateaued this morning, with some pre-weekend profit taking, but the week appears to be on its […]

Today’s Market Trend

WTI crude prices have climbed back to nearly $48.50/b this morning, opening at their highest level in three week. WTI opened at $49.60/b today, a major jump of $1.13, or 2.33%, above yesterday’s opening price. Prices are $49.45/b currently, down $0.06 from yesterday’s close. Already this session, WTI prices have gone as high as $49.94/b. […]

Today’s Market Trend

WTI crude prices are back above $48.50/b this morning, after a strong upward trend yesterday that was maintained overnight. WTI opened at $48.47/b today, an increase of $0.58, or 1.21%, above yesterday’s opening price. Prices are $48.56/b currently, up $0.19 from yesterday’s close. Product prices also rallied yesterday and remained strong overnight. Diesel opened at […]

Today’s Market Trend

WTI crude prices recovered the $48/b mark this morning. Prices yesterday once again tested lows of $47/b before buying interest picked up. WTI opened at $47.89/b today, a drop of $0.23 below yesterday’s opening. Prices increased to $48.25/b currently, up $0.52 from yesterday’s close. Product prices also dipped yesterday and recovered overnight. Diesel opened at […]

EIA Gasoline and Diesel Retail Prices Update

The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended March 27th, 2017. Prices for both fuels declined during the week, following crude prices down, though retail prices remained relatively more robust than crude prices. For the current week ended March 27th, diesel prices declined by […]

Today’s Market Trend

WTI crude prices have just recovered the $48/b mark this morning. WTI opened at $47.67/b today, a drop of $0.48, or 1.0%, below yesterday’s opening price. Current prices are $48.07/b, a recovery of $0.37 above yesterday’s close. Both crude and product prices are in the midst of an early-morning buying spate, but as of the […]

Weekly Price Review

Crude prices languished this week, opening lower four days out of five. Price rallies were short-lived and unenthusiastic, with WTI struggling to maintain levels of $48/b, and dipping as low as $47/b. Prices threatened to break through some technical supports that many analysts believe herald a coming crash. Yet prices of $47/b always elicited buying […]

Today’s Market Trend

WTI crude prices have just crashed below $48/b. Prices remained stable in the $48.00-$48.50/b range through yesterday and overnight. This morning, they weakened to the low end of this range this morning, and they broke through $48/b just at the time of this newsletter. WTI opened at $48.45/b today, identical to yesterday’s opening. Current prices […]

EIA Gasoline and Diesel Retail Prices Update

The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended February 6th, 2017. Both gasoline and diesel prices subsided for the fourth consecutive week, though the decline was minor. Retail prices had increased steadily during the month and a half following the November 30th OPEC meeting, […]

Weekly Price Review

WTI crude prices opened the week on Monday at $53.15/b, which was $0.28 below the previous Monday’s opening (January 23rd.) Tuesday’s and Wednesday’s prices were mainly in the $52.50-$53.50/b bandwidth. Thursday brought a rally that brought prices above $54/b at the high end, but the day closed back at $53.54/b. Friday’s opening was up 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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