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 […]

Negative Manufacturing Reports Drive Equities and Oil Lower

After a bullish start yesterday, oil followed equities lower after poor manufacturing reports.   This led to the sixth straight day of losses for crude.  API reports of a surprise draw in crude are lifting markets this morning.  WTI Crude is trading at $53.86, a gain of 24 cents. Fuel is flat this morning.  Diesel is […]

Lower Prices, Stronger Dollar as Traders Flock to Safety

Oil prices are trading lower this morning. Markets continue shrinking back, extending last week’s losses amid continued diplomacy in the Middle East. Crude oil this morning is trading at $55.17, down 74 cents. Fuel prices are down this morning.  Diesel is trading at $1.9224, down 1.9 cents.  Gasoline is also trading lower at $1.6338, a […]

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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