Bullish Inventory News with Election Overshadowing Market

On Tuesday, WTI crude closed higher on positive demand news out of China and positive supply chatter from OPEC+. In early traing this morning markets continue to rise even in the face of uncertain US Election results. Votes continue to be counted in a tight US election in which Biden has a small electoral vote […]

Mid-Week Review – November 4, 2020

Forget Fracking, Oil Stocks Will Likely Move More On These Factors Post-Election Whoever wins the presidential election will help shape the U.S. energy industry long term, but the victory will have less impact on oil stocks in the near term as weak demand during the coronavirus pandemic weighs on oil prices. Click here to read […]

Bearish Triggers Drive Market Lower

On Tuesday, WTI crude rose on the news of Hurricane Zeta making its way through the Gulf and shutting in production.  This morning, however, the market is dropping sharply on bearish inventory news from the API late yesterday. A number of bearish triggers are driving the market lower this morning: The fear of slowing demand […]

Mid-Week Review – October 28, 2020

Five Themes to Watch Among Oil Majors Six months on from crude’s era-defining price crash, Big Oil is suffering from whiplash. Prices may have stabilized around $40 a barrel after OPEC+ curbed supply. But the coronavirus is surging through Europe once again and the twin safety nets for majors in previous downturns — refining and […]

Presidential Candidates Spar Over Energy Policy

Oil prices are rising this morning despite rising coronavirus cases worldwide. Russia declared they would be willing to maintain deeper production cuts in 2021 if required, though they left open the question of what will be required. Looking ahead, Goldman Sachs reiterated its bullish stance on oil prices in 2021, with rising inflation and a […]

Week in Review – October 23, 2020

WTI crude finished the week relatively unchanged after an up and down week of trading. OPEC met on Monday and reiterated that it would support a balanced market. Saudi Arabia stated, “No one should doubt the group’s commitment to providing support.” Still, the group did not formally commit to maintaining current production levels. Markets are […]

Traders Keep an Eye on Washington for Clues

Crude rose slightly on Monday, following US equities higher.  Concern over rising coronavirus cases in the US and Europe continue to put a cap on prices. More than one million people have died of the coronavirus during this pandemic, which has ravaged economies around the world and affected fuel demand.  While prices have broken the […]

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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote