Inventory Build Beats Positive Trade Sentiment

Wayne Lee
Daily Market News & InsightsDaily Market News & Insights

A larger-than-expected build in crude stocks is putting downward pressure on prices this morning.  WTI Crude is trading at $56.98, a loss of 25 cents. Fuel is down this morning.  Diesel is trading at $1.9440, a loss of 1.3 cents.  Gasoline is trading at $1.6573, a loss of 1.7 cents. On Tuesday, crude prices rose […]

Today’s Market Trend

Alan Apthorp
Daily Market News & InsightsDaily Market News & Insights

After moderate losses yesterday, oil markets are heading towards higher ground. Oil prices yesterday gave up 60 cents, a notable -1%, as the December contract expired, showing that markets lack confidence in physical supply tightness next month. The contract now rolls over to January, which traded 33 cents higher at last night’s close. Prices are […]

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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