Once again a large price swing is being negated this morning as markets are driven by headlines rather than fundamentals. Crude oil is trading at $56.76, down 96 cents (-1.7%) from Friday’s close. Fuel prices are taking a hit as well. Diesel prices are trading at $1.9018, down 4.6 cents (-2.4%). Gasoline prices are currently […]
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 […]
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 […]
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 […]
