Prices Collapse, Markets Eye Waivers and OPEC Production

Oil prices are trading significantly lower after yesterday’s rout, during which crude prices went crashing through the $65 price threshold, closing the day at $63.69, the lowest level since April. Today, crude oil is trading at $63.14, down 55 cents. Fuel prices took a big hit yesterday. Gasoline prices gave up 5 cents, while diesel […]

Weekly Price Review

Crude prices this week continued on a downward path this week, punctuated by a sharp downward price movement on Thursday that hit the bottom at $48.20/b before gradually climbing back above $49/b by the close of trading. The sharp decline caused some analysts to ponder whether breaking through key technical supports would signal a larger […]

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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