In Asia, Europe, and the Middle East hundreds of new cases of the coronavirus, COVID-19, have been reported. The virus has been found in about 30 countries. In the US, the Center for Disease Control warned of the inevitable outbreak of the virus. The organization is preparing for “severe” disruptions to daily life in the […]
Oil Rally Cools as Iranian Strike Causes No U.S. Casualties Oil’s rally faded as the U.S said Iranian airstrikes on military bases in Iraq didn’t cause any casualties, reinforcing speculation that Tehran is opting for limited retaliation over the killing of a top general. Futures in London initially surged more than 5% as the Islamic […]
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 […]
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 […]
Oil prices are continuing their upward trend this morning after gains weakened yesterday afternoon. Although prices launched nearly a dollar higher at points in the day, crude closed just 30 cents higher at the end of yesterday’s session. Today, crude oil is trading at $56.94, up 40 cents. Fuel prices also saw moderate gains yesterday, […]
After a weak opening this morning, oil prices have turned and are moving higher in response to instability in Syria and US-Turkey relations. Falling as low as $52.40 this morning, crude prices regained some ground to trade at $53.21, still 38 cents below yesterday’s closing price. Fuel prices are trading flat as crude markets fluctuate. […]
Reports of the Chinese being willing to accept a partial trade deal are lifting markets this morning. WTI Crude is trading at $53.36, a gain of 73 cents. Fuel is up this morning. The API reported larger-than-expected draws in products are helping to buoy prices. Diesel is trading at $1.9344, a gain of 2.4 cents. […]
After a brief pause on Friday and Monday, oil prices are resuming their downward trajectory. Economic fears have weighed heavily on the market, keeping a lid on any short-term bullish sentiments. Crude oil prices are currently trading at $52.04, down 71 cents. Fuel prices are also dropping lower once again. Diesel prices are trading at […]
The Crude Market was down for the week. The week opened with news of continued diplomacy in the Middle East and a strong dollar, both of which put downward pressure on the markets. Poor manufacturing reports and general macroeconomic pessimism continued to drive markets lower through the week. The downward trend in equities spilled over […]
Oil prices are trading lower this morning. Markets continue shrinking back, extending last week’s losses amid continued diplomacy in the Middle East. Crude oil this morning is trading at $55.17, down 74 cents. Fuel prices are down this morning. Diesel is trading at $1.9224, down 1.9 cents. Gasoline is also trading lower at $1.6338, a […]
