Today’s Market Trend

The oil complex continued to weaken overnight. WTI prices are down in the range of $52.50-$53.00/b this morning, after trading in the $53.50-$54.00/b range yesterday morning. The selloff has affected both crude and product markets. WTI opened at $53.14/b today, a drop of $0.67 from yesterday’s opening price. Current prices have fallen to $52.71/b, $0.30 […]

Today’s Market Trend

WTI crude prices are remaining strong in the $53.50-$54/b range this morning. WTI opened at $53.81/b today, an increase of $0.13 from Friday’s opening price. Price rose above $54/b overnight, but have receded this morning. Current prices are $53.72/b, $0.11 below Friday’s close. Product prices showed a similar pattern with overnight strengthening and a slight […]

Today’s Market Trend

WTI crude prices are in the $53.50/b-$54.00/b range this morning. Prices yesterday were above $54/b for a time, but the market closed at $53.54/b. WTI opened at $53.68/b today, an increase of $0.11 from yesterday’s opening price. Current prices are steady at $53.66/b, $0.12 above yesterday’s close. Product prices have weakened. OPEC’s production cuts are […]

Today’s Market Trend

WTI prices have surpassed $54/b this morning, close to where prices opened one month ago on January 3rd. Yesterday, it appeared that WTI would settle back into the vicinity of $53.50/b, but prices spiked in this morning’s early trading. WTI opened at $53.57/b today, an increase of $0.81 from yesterday’s opening price. Current prices are […]

Today’s Market Trend

WTI prices reclaimed the price territory above $53/b this morning. Crude and product prices slumped on Monday. WTI crude prices fell below $52.50/b, and remained in this area for most of Tuesday as well. WTI opened at $52.76/b today, an increase of $0.16 from yesterday’s opening price. Current prices are $53.24/b, a gain of $0.43 […]

Today’s Market Trend

WTI crude prices are just above $53/b this morning. WTI opened at $53.15/b today, a drop of $0.59 from Friday’s opening price. Current prices are $53.13/b, $0.04 below Friday’s close. Product prices are mixed, with gasoline showing price weakness. Last week’s supply and demand fundamentals should have lent a bearish note to the market. This […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI crude prices are easing back down into the $53.50/b neighborhood this morning. Yesterday’s price rally was stronger and more sustained than expected, with WTI rising above $54/b. WTI opened at $53.74/b today, a jump of $0.78 from yesterday’s opening price. Current prices are $53.51/b, $0.27 below yesterday’s close. Product […]

Weekly Price Review

By Dr. Nancy Yamaguchi WTI crude prices opened the week Monday at a very strong $53.33/b. Tuesday’s market opened $0.47 lower, but opening prices were stable on Wednesday and Thursday, and Thursday brought a rally that closed the day at $53.78/b. Friday’s opening was 4 cents lower, at $53.74. Over the week, this was an […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI crude prices rallied and are back trading above $53/b. WTI opened at $52.96/b today, up one cent from yesterday’s opening price. Current prices are $53.10/b, $0.35 above yesterday’s close. Product prices have been weaker, partly in response to EIA data showing apparent weekly demand down for all key refined […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI crude prices were unable to cling to $53/b overnight, and they are back in the neighborhood of $52.50-$53/b. WTI opened at $52.95/b today, an increase of nine cents from yesterday’s opening price. Current prices are $52.64/b, $0.54 below yesterday’s close. The API released its data on oil stocks yesterday, […]

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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