Oil prices are continuing their upward trend this morning after gains weakened yesterday afternoon. Although prices launched nearly a dollar higher at points in the day, crude closed just 30 cents higher at the end of yesterday’s session. Today, crude oil is trading at $56.94, up 40 cents. Fuel prices also saw moderate gains yesterday, […]
The Crude Market was up for the week. The week started with positive comments from China regarding trade talks which helped to lift the market. However, by mid-week, inventory news was the major headline driving markets. On Wednesday, the EIA reported a surprise crude draw of 1.7 MMbbls versus expectations of a crude build of […]
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 […]
Positive sentiment regarding trade seems to be lifting markets this morning as the US-China trade talks resume. WTI Crude is trading at $53.23, a gain of 64 cents. Fuel is up in early trading this morning. The EIA reported larger-than-expected draws in products and positive trade sentiment are helping to lift prices. Diesel is trading […]
Trump’s rhetoric in the trade war with China drove markets lower yesterday and today. WTI Crude is trading at $56.40, a loss of 89 cents. Fuel is also trading lower this morning. Diesel is trading at $1.9445, a loss of 2.3 cents. Gasoline is also lower this morning, trading at $1.6265, a loss of 2.9 […]
