Week In Review – July 23, 2021

Yesterday, oil prices continued to rise over 4% despite an unexpected crude inventory hike. Investors are buying the dip, capitalizing on low prices in the hopes that prices will continue their march higher over the next few months. Rising prices are somewhat counter-intuitive, given yesterday’s bearish inventory data. Crude oil inventory levels rose Wednesday for […]

Driver Shortage Reaches Emergency Level in Some Areas

The fuel driver shortage continues to deepen as high summer demand keeps markets stretched thin. Yesterday, the State of South Dakota – far removed from the normal threats of hurricanes and refinery outages – declared a state of emergency for petroleum deliveries. South Dakota Governor Noem waived federal hours of service requirements for fuel truck […]

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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