Week in Review – April 24, 2020

The last week of crude oil prices may go down in history as the most unique week, ever. Besides setting the largest one-day price drop in history (both by percent and by dollars), crude oil futures showed that $0/bbl is not the lower limit for oil markets. Whether this week’s negative oil prices become an […]

Trump Escalates Tensions with Iran

Yesterday, crude prices rallied in the afternoon to close the day higher.  This rally came about even in the light of bearish inventory news coming from the EIA with the 13th straight week of weekly crude builds.  Prices got a jolt from increased US-Iran tensions escalated by a tweet from Trump.  In early trading this […]

US-Iran Tensions Flare Despite COVID-19

In today’s topsy-turvy world, it’s hard to talk about anything other than COVID-19 news, perhaps with the occasional OPEC call-out. But over the last few weeks, tensions have been flaring in the Middle East, and COVID-19 may be right at the heart of the tension. Before we jump into geopolitics, let’s touch on the latest […]

Mid-Week Review – April 8, 2020

Trump could tariff foreign oil. That won’t end the oil crisis The drama playing out in the oil market is not short on oversized characters. But Vladimir Putin and MBS could soon have to make room for a new player: Tariff Man.  President Donald Trump, who proudly calls himself Tariff Man, is threatening to use […]

Natural Gas News – APRIL 1, 2020

Nat Gas News Natural Gas Markets Beyond COVID-19 Forbes: In a less spectacular fashion than oil, international natural gas prices have fallen. The explanation goes far beyond low demand related to the COVID-19 pandemic or demand in general. It relies on a much larger and more complicated array of factors that include supply and demand […]

Iran Airstrikes, a Limited Response

Iran’s limited retaliation and statement against further escalation are pushing markets lower.  WTI Crude is trading at $62.04, a loss of 66 cents. Fuel is down in early trading this morning.  Diesel is trading at $2.0186, a loss of 1.4 cents.  Gasoline is trading at $1.7110, a loss of a 1.1 cents. Crude markets are […]

Iran Assessing Response to Killing

Crude is down in early trading this morning.  Crude is currently trading at $62.60, a loss of 67 cents. Fuel prices are down.  Diesel is trading at $2.0136, a loss of 2.0 cents.  Gasoline is trading at $1.7232, a loss of 3.1 cents. Yesterday markets rose as the US warned of heightened threats to energy […]

Middle East Instability Rises, Markets Brace for Iran Retaliation

Mere days after the US killed an Iranian General travelling in Iraq, Middle East tensions are already beginning to heat up. On Friday, oil prices soared to $2/bbl gains, and this morning those increases are continuing steadily. Crude oil is currently trading at $63.45, up 40 cents from Friday’s close. Fuel prices are mixed this […]

Oil Hits 8-Month High after US Kills Iranian General

Yesterday, we said that 2020 will have a hard time living up to the geopolitical drama of last year. We may have spoken too soon. Oil prices are soaring higher this morning following a US military strike on Iranian General Qasem Soleimani in Iraq last night. Crude oil prices are up by more than $2/bbl […]

Mid-Week Review – December 4, 2019

India Could See Real Growth in Oil Demand Next Year Next year is expected to be a turnaround for oil demand in India, according to a new study by S&P Global Platts Analytics.  With weakened demand caused by an economic slowdown, a slump in new vehicle sales, and flooding during monsoon season, the growth number […]

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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