Digging into Fuel Market Fundamentals

Oil prices are falling once more this morning, sinking close to the weekly lows set on Tuesday. Despite Wednesday’s bounce, oil prices have spent the rest of the week in the red as markets fear increasing production and sliding demand. Today’s article focuses on some of the on-going fundamental factors pushing oil lower. The EIA […]

Week in Review – September 11, 2020

WTI crude finished down for the week.  The week started with a precipitous drop on news from Saudi Arabia of a cut in price on August Arab Light crude, which traders took as a sign of lowered demand coming out of Asia and especially China. Crude followed the choppy ride of US equities this week […]

Quiet Trading as Markets Wait for Direction

Oil failed to sustain gains above $40/bbl on Friday, closing at just $39.75. Today is the third time in three weeks that WTI crude prices have found their way above the $40 mark, only to slip heading into the close. Despite a continual improvement in demand sentiments, markets are not yet convinced that a close […]

Oil Up 15% as US Demand Shows Upward Trend

Oil markets are on track to set a multi-month record with a 5-day up streak if current trends hold. With the OPEC+ price war in the rearview mirror, markets are more comfortable bidding up prices despite weak demand. Inventory builds this week are expected to be smaller than recent builds, and demand seems to be […]

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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