Yesterday markets closed lower – extending to five days the streak of losses. The market appears to have dismissed Middle East tensions in the short term. However, crude is up in early trading this morning. Crude is currently trading at $58.66, a gain of 58 cents. Fuel prices are up. Diesel is trading at $1.9113, […]
Friday saw oil markets continue their descent to lower territory, extending the streak of losses to four trading sessions. If this morning’s trading patterns hold, it looks like that streak might extend to five days. Crude oil is currently trading at $58.51, 53 cents (0.9%) below Friday’s close. Fuel prices are trading slightly lower as […]
The turkey hangover seeped into markets on Friday, bringing the largest price drop since October. WTI crude gave up just shy of $3/bbl, falling from over $58/bbl to just above $55/bbl. This morning, prices are rallying back once again. Crude oil is trading at $56.39, up $1.22 cents. Fuel prices also crashed lower, with diesel […]
Once again a large price swing is being negated this morning as markets are driven by headlines rather than fundamentals. Crude oil is trading at $56.76, down 96 cents (-1.7%) from Friday’s close. Fuel prices are taking a hit as well. Diesel prices are trading at $1.9018, down 4.6 cents (-2.4%). Gasoline prices are currently […]
After rising to the highest point since September yesterday, crude markets retreated while retaining 80-cent gains. Today, those gains have been shed. Crude oil is currently trading at $56.17, down 98 cents (1.7%) from Thursday’s close. Fuel prices are down as well, with diesel leading the complex lower. Diesel prices are trading at $1.8795 this […]
Oil prices are trading flat this morning after impressive gains to end last week. Oil prices saw the largest leap since the Saudi oil attack in September, demonstrating the power of positive trade news and low inventory concerns. Crude oil is currently trading at $56.64, unchanged from Friday’s close. Fuel prices are also mixed/flat. Diesel […]
Markets are trending sideways to lower this morning following yesterday’s continued gain for oil markets. Although prices began the day on weak economic data yesterday, the market could not let go of the bullish EIA data. Crude oil is currently trading at $56.10, down 13 cents from yesterday’s close. Fuel prices are remaining in check […]
After a weak opening this morning, oil prices have turned and are moving higher in response to instability in Syria and US-Turkey relations. Falling as low as $52.40 this morning, crude prices regained some ground to trade at $53.21, still 38 cents below yesterday’s closing price. Fuel prices are trading flat as crude markets fluctuate. […]
Oil prices are trading lower this morning. Crude oil this morning is trading at $53.45, down $1.25. Fuel prices are also down this morning. Diesel is trading at $1.9260, down 3.2 cents. Gasoline is also trading lower at $1.6087, a loss of 3.0 cents. Crude prices are down Monday morning after Friday’s gains. On Friday, […]
Supply in the U.S. has been improving significantly over the past few days. Today, Mansfield moves diesel in the Southeast (excluding Georgia) to Code Green, indicating a return to normal supply levels. Gasoline supply in the southeast remains on Code Orange, as high retail demand has continued to put pressure on supply and price indexes. […]
