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 […]
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 […]
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 […]
