Missile Strikes on Iranian Tanker

Markets closed higher yesterday on news from OPEC regarding production cuts, and this morning headline declaring missile strikes on an Iranian tanker are continuing the gains. Crude oil is currently trading at $54.10, up 55 cents. Fuel prices are also higher this morning, with diesel leading the complex higher. With inventories falling quickly and IMO […]

Mid-Week Review – October 9, 2019

Oil lower as tensions grow ahead of U.S.-China trade talks Oil futures headed lower Tuesday as traders kept tabs on developments ahead of U.S.-China trade talks due later this week, which could shape expectations around demand for crude. Oil is being dragged down with stocks and other assets sensitive to global growth expectations, which continue […]

Saudi Arabia on Track for Fast Recovery

News of Saudi production coming back on line and inventory builds drove markets lower yesterday and today.  WTI Crude is trading at $56.05, a loss of 44 cents. Fuel is flat this morning.  Diesel is trading at $1.9477, a loss of 0.6 cents.  Gasoline is trading at $1.6310, a gain of 0.6 cents. Crude prices […]

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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