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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
