Turkey-Kurd Conflict Spooks Market

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. […]

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 […]

Economy Weighs on Prices Despite Middle East Turmoil

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 […]

Markets Await Oil Reports, Trump Re-Affirms Biofuel Support

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 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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