Prices Rebound after Huge Drop on Friday

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 […]

Oil Briefly Above 200-Day Moving Average

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 […]

Trade Deal Progress Dims

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 […]

Trade Prospects Improve, California Power Outage

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 […]

Diesel Draw Stokes IMO 2020 Concerns

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 […]

Turkey-Kurd Conflict Spooks Market

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. […]

Partial Trade Deal? Not Yet…

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, […]

Storm Recovery Update – Southeast Diesel, TX Markets Move Green

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. […]

Weekend Update – Colonial Pipeline Still Offline West of Louisiana

Colonial Pipeline Re-Opening Date Slips The Colonial Pipeline remains offline west of Louisiana, missing the Sunday night target for restarting the Houston to Louisiana segment of the pipeline. According to their latest update, the pipeline expects the diesel line to resume operations Monday, and the gasoline segment will resume on Tuesday.  Refining capacity shut down by Harvey […]

Weekend Update – Long Lines Delay Deliveries

Terminal Truck Lines Delay Deliveries While we’re at the very early stages of normalizing fuel supply, one of the largest concerns currently hindering quick deliveries in Texas, Louisiana, and certain Southeast markets is long lines at terminal racks.  For every major market (Atlanta, Dallas, Houston, etc), fuel trucks fill up at a select few terminals, […]

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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