Tired of the oil market rumor mill? Heard too much about China and OPEC? We feel you. Oil prices have been balanced within the $50-$60 range for months now, constantly driven one way or another by speculation regarding US-China trade and OPEC production targets. Nearly every headline on both issues become irrelevant within a week […]
News of Saudi production coming back on line and inventory builds drove markets lower yesterday and today. WTI Crude is trading at $56.05, a loss of 44 cents. Fuel is flat this morning. Diesel is trading at $1.9477, a loss of 0.6 cents. Gasoline is trading at $1.6310, a gain of 0.6 cents. Crude prices […]
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 […]
