IMF Cuts Global Growth Forecast Again

Prices are flat this morning as the specter of slower economic growth is weighed against potential OPEC cuts.  WTI Crude is trading at $52.87, a gain of 6 cents. Fuel is mixed this morning.  Diesel is trading at $1.9196, a gain of 1 cent.  Gasoline is trading at $1.6081, a loss of 0.6 cents. On […]

Unemployment at Record Low, IMO 2020 Pressures Diesel

Oil prices are creeping higher this morning after a long streak of down days. Markets have closed lower for the past eight days, so pay attention to see if prices continue sinking today. The longest streak of down days in NYMEX WTI Crude history was 12 straight sessions, a record set just a year ago […]

Mid-Week Review – October 2, 2019

Oil prices drop after reports Saudi Aramco has restored output capacity to pre-attack levels Oil futures sank on Monday, sending U.S. prices to their lowest settlement in a month, after reports that Saudi Aramco has fully restored production capacity that was lost to the crippling attacks on Saudi oil facilities earlier in September.  Click here […]

Week in Review – September 27, 2019

The Crude Market was down for the week.  The week started as a continuation of last week with the markets continuing to weigh the outcomes form the attack on Saudi oil infrastructure.  Despite international consensus that Iran was behind the attacks, it became clear that direct military action against Iran was unlikely.  As the week […]

Today’s Market Trend

Crude prices are down this morning to $46.54, 38 cents off from yesterday’s close. Like most days this week, prices yesterday saw a midday peak, followed by declining prices. Prices opened at $46.91 this morning, almost 20 cents down from yesterday’s opening price. Refined products are down as well this morning. Diesel prices are $1.5265, […]

Today’s Market Trend

Crude prices this morning are $46.43, up slightly this morning from today’s opening price of $46.25. Prices rose gently yesterday, rapidly gaining $.75 but shedding $.50 before closing, to give a gain of roughly $.25 off the morning lows in the high $45’s. Prices are just .06% higher than yesterday’s closing price. Diesel price are […]

Nat Gas News July 17, 2017

Nat Gas News July 17, 2017 Trump names energy industry adviser to chair FERC Washington Examiner reports: President Trump has nominated industry adviser and lawyer Kevin McIntyre to lead the nation’s top energy watchdog, the Federal Energy Regulatory Commission. The White House announced its intention to nominate McIntyre Thursday evening, even as a number of […]

Nat Gas News July 14, 2017

Nat Gas News July 14, 2017 PSC approves sale of Delta Natural Gas to PNG Lane Report reports: The Kentucky Public Service Commission (PSC) has approved the sale of Delta Natural Gas Co. to PNG Companies LLC. Delta is headquartered in Winchester and serves about 39,000 customers in 23 counties in Eastern and Central Kentucky. […]

Today’s Market Trend

Crude prices this morning are $43.85, down $.38 (2.1%) from yesterday’s close of $44.23. Crude opened this morning at $44.35, a full $1 below Friday’s open. Diesel price are $1.4384, with a loss of $.0098 from yesterday’s close. Prices opened this morning at $1.4512, roughly $.025 below yesterday’s open. Gasoline prices are $1.4809, losing $.0175 […]

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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