After plummeting $1.50 on Friday, crude prices are up slightly to $45.99 this morning, a gain of 22 cents over Friday’s close. Markets fell dramatically ahead of OPEC’s meeting this weekend as markets expected no constructive announcements. Prices opened at $45.62, nearly $1.30 (2.8%) below Friday’s opening price of $46.91. Diesel price and gasoline prices […]
Crude prices this morning are $46.66, rising slightly higher since yesterday. Prices fell throughout the day yesterday, closing at $46.02, but prices have risen 1.3% to its current level. Prices opened the day at $45.99, and have gained $.67 throughout the morning. Diesel prices are $1.5163, a gain of $.0168 since yesterday. Prices opened exactly […]
Oil prices declined significantly this week, for the second week in a row. Many traders had hoped for a more dramatic outcome from the May 25th OPEC-NOPEC meeting, and prices began to falter when the group stayed with the original idea of appending an extension to the existing production cut agreement. This week, the supply-demand […]
Oil prices declined significantly this week. Prices had surged in the lead-up to May 25’s OPEC meeting. The meeting concluded with a nine-month extension to the existing production cut agreement, yet the market apparently had wished for deeper and more immediate cuts. WTI is back below the $47.50/b level, and has fallen below $47/b this […]
The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended February 13th, 2017. Both gasoline and diesel prices increased during the week. For the current week ended February 13th, diesel prices rose 0.7 cents to an average price of $2.558/gallon. PADD 1 retail diesel prices rose […]
