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 […]
