Weekly Price Review

After what seems like it would be a positive week, crude prices appear set to post a slight loss for the week. Prices opened Monday morning at $46.68, and are currently $46.54. Prices fluctuated from a low of $45.81 on Tuesday to a high of $47.55 on Thursday, a range of almost $1.75. Compare this […]

Weekly Price Review

After a slow start comprised of daily up-down-up movement, prices this week have risen higher amid a falling dollar and inventory stock draws. Prices have risen from an opening price of $44.35 on Monday to over $46 today, a gain of around $2/bbl, or around 4.5%. Prices have been range-bound in recent weeks, hovering in […]

Weekly Price Review

Fuel prices had a bumpy week, opening the week at $46.28/bbl on Monday, rising as high as $47.32 on Wednesday, and falling to open on Friday at just $45.35, ending the week in the red.  Markets are falling rapidly on Friday morning, and have reached lows of $44.05 as of the time of writing. After […]

Weekly Price Review

Oil prices rallied this week, breaking a month-long downturn. WTI crude prices regained the $45/b mark today, in stark contrast to last week’s slump, which brought prices as low as $42.05/b on Wednesday. This had been the lowest price since August 2016. WTI opened at $44.89/b today, unchanged from yesterday’s opening price. Prices have been […]

Weekly Price Review

Oil prices declined significantly this week. Prices had surged in the lead-up to May 25’s OPEC meeting. The meeting concluded with a nine-month extension to the existing production cut agreement, yet the market apparently had wished for deeper and more immediate cuts. WTI is back below the $47.50/b level, and has fallen below $47/b this […]

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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