US-China Tensions Flare as World Returns to Normal

While oil markets are closely monitoring the return to normalcy for demand, equity markets are turning their attention to US-China tensions, which have continued escalating in recent days. Ths US has been ramping up its military presence in the Indo-Pacific region, conducting training exercises throughout the region and issuing provocative statements of America’s ability to […]

Markets De-Escalate, OPEC Production Falls

One week after the announcement of Iranian General Soleimani’s death, oil markets are trading below pre-attack levels.  Crude oil prices are back below $60/bbl, diesel prices are below $2.00, and gasoline is below $1.70. Crude oil is currently trading at $59.05, down 51 cents from yesterday’s close. Fuel prices are mixed this morning, with diesel […]

Mid-Week Review – October 30, 2019

Oil markets could face oversupply in 2020, the IEA says In its latest monthly report, the Paris-based agency cut its oil demand growth figure by 100,000 barrels a day for both 2019 and 2020. Oil demand is expected grow 1.2 million barrels a day in 2020, IEA said in the report.  Click here to read […]

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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