Week in Review – October 18, 2019

The Crude Market was down for the week, however, we are seeing some gains in morning trading on Friday.  The week started with the hopes of a partial trade deal between the U.S. and China being delayed which brought prices lower.  The markets remained flat through the week as they waited on inventory numbers that […]

Week in Review – October 11, 2019

The crude market was up for the week.  The big driver for the week was positive sentiment around US-China trade talks.  Some reports suggest that the Chinese would be willing to accept a partial trade deal with the US – possibly increasing annual purchases of agricultural products in order to secure an interim trade deal […]

Economy Weighs on Prices Despite Middle East Turmoil

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 […]

Markets Await Oil Reports, Trump Re-Affirms Biofuel Support

Prices eked out small gains on Friday, halting the 8-day down streak, though barely.  Over the weekend, sentiments shifted to a more positive outlook on the economy given US-China trade talks resuming and a possible rate cut from the Federal Reserve. This morning crude oil is trading at $53.53, up 72 cents (1.4%) from Friday’s […]

Week in Review – October 4, 2019

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 […]

Economic Fears Rear Head Again

As traders refocus on macroeconomic fears, oil followed equities lower yesterday, extending the streak of crude oil price losses to seven days.  EIA reports of a larger-than-expected build in crude put downward pressure on markets.  WTI Crude is trading at $52.50, a loss of 14 cents. Fuel is mixed this morning.  Diesel is trading at […]

Markets Rise on Lower Output and Equity Gains

Oil prices are getting a lift this morning, a break from the five-day down streak the market has experienced since last week. Crude oil is currently trading at $54.51, up 44 cents. Fuel prices are also moving a bit higher, though the switch to November futures contracts has gasoline trading a bit lower than October […]

Lower Prices, Stronger Dollar as Traders Flock to Safety

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 […]

Saudis Ceasefire with Yemen, Winter Approaches Rockies

Markets are flat this morning following a partial ceasefire between Saudi Arabia and Yemen, a huge step following the attacks just two weeks ago. Crude markets continue a week-long downward trek. WTI crude is currently trading at $56.33, down 8 cents from Thursday’s close. Fuel prices are flat to close the week. Diesel is trading […]

Today’s Market Trend

Crude prices are flat this morning after substantial losses of over $1.60 (3.3%) on Friday. Prices this morning are $47.69, just slightly above the closing price on Friday. Crude markets continue to be affected by refinery outages in the Houston area; Goldman Sachs estimates that 2.2 million barrels per day of refining capacity remain offline […]

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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