Comfortable with Oil Prices? That’s a Bad Sign

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, […]

Week in Review – October 25, 2019

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 […]

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 […]

US-China Trade Talks Resume

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 Decreases Trade Optimism

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 […]

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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