Yesterday, crude oil began lower but rallied somewhat in the afternoon on news of improved sentiment in broader financial markets after the reported death tolls in some of the virus hotspots in Europe showed signs of easing. Crude is moving higher in early trading this morning on signs the world’s biggest producers are moving toward […]
In Asia, Europe, and the Middle East hundreds of new cases of the coronavirus, COVID-19, have been reported. The virus has been found in about 30 countries. In the US, the Center for Disease Control warned of the inevitable outbreak of the virus. The organization is preparing for “severe” disruptions to daily life in the […]
Rising crude stocks are putting downward pressure on prices this morning. WTI Crude is trading at $52.95, a loss of 41 cents. Fuel is down this morning. Diesel is trading at $1.9296, a loss of 1.3 cents. Gasoline is trading at $1.6069, a loss of 1.8 cents. On Wednesday, crude prices rose on news from […]
