Crude is down in early trading this morning. News of deeper OPEC supply cuts seem to be offset by weak manufacturing data coming from the US. Crude is currently trading at $55.55, a loss of 41 cents. Fuel prices are down in line with crude. Diesel is trading at $1.8747, a loss of 1.1 cents. […]
A lack of progress in getting a trade deal done is putting downward pressure on prices this morning. WTI Crude is trading at $56.43, a loss of 37 cents. Fuel is down this morning. Diesel is trading at $1.8718, a loss of 2.6 cents. Gasoline is trading at $1.6075, a loss of 0.7 cents. On […]
After a weak opening this morning, oil prices have turned and are moving higher in response to instability in Syria and US-Turkey relations. Falling as low as $52.40 this morning, crude prices regained some ground to trade at $53.21, still 38 cents below yesterday’s closing price. Fuel prices are trading flat as crude markets fluctuate. […]
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 […]
After a brief pause on Friday and Monday, oil prices are resuming their downward trajectory. Economic fears have weighed heavily on the market, keeping a lid on any short-term bullish sentiments. Crude oil prices are currently trading at $52.04, down 71 cents. Fuel prices are also dropping lower once again. Diesel prices are trading at […]
Prices eked out small gains on Friday, halting the 8-day down streak, though barely. Over the weekend, sentiments shifted to a more positive outlook on the economy given US-China trade talks resuming and a possible rate cut from the Federal Reserve. This morning crude oil is trading at $53.53, up 72 cents (1.4%) from Friday’s […]
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 […]
