WTI Crude Closes -$36. Yes, That’s Negative

Yesterday, the bottom fell out of WTI Crude prices unlike ever before. Prices opened substantially lower, fell to the $.01 bargain bin, then crossed the fateful line into negative territory. But before you assume that fuel suppliers will start paying you to take their diesel and gasoline away, it’s essential to understand why the drop […]

Week in Review – February 28, 2020

The crude market was down for the week and continues its downward trend in early trading this morning.  The major news moving markets this week was all about the coronavirus and its rapid spread outside of China.  South Korea, Iran, Italy and Japan among others, are all taking major steps to slow the spread of […]

Today’s Market Trend

WTI crude prices have retreated to approximately $48.50/b this morning. WTI opened at $48.93/b today, an increase of $0.70, or 1.45%, above yesterday’s opening price. Current prices are $48.52/b, $0.55 below yesterday’s closing price. Prices yesterday opened weakly, but they rose upon a favorable set of supply and inventory data. However, both crude and product […]

Today’s Market Trend

WTI crude prices have jumped to the neighborhood of $49.50/b this morning. Last week, prices surged on Wednesday and stabilized on Thursday and Friday. WTI opened at $47.85/b today, an increase of $0.04, or 0.08%, above Friday’s opening price. Current WTI prices are $49.41/b, a major jump of $1.57 from Friday’s closing price. Product prices […]

Today’s Market Trend

WTI crude prices have surged to $48/b this morning. WTI opened at $47.39/b today, a strong recovery of $1.21, or 2.62%, above yesterday’s opening price. Current prices are $48.00/b, an increase of $0.67 above yesterday’s closing price. Product prices also rose strongly yesterday and this morning. Diesel opened at $1.4765/gallon in today’s trading session. This […]

Today’s Market Trend

WTI crude prices are in the range of $46.25-$46.50/b this morning. WTI opened at $46.18/b today, a drop of $0.31, or 0.67%, below yesterday’s opening price. Current prices are $46.33/b, an increase of $0.45 above yesterday’s closing price. WTI crude prices had opened slightly higher on Monday and Tuesday, but prices ebbed yesterday before buying […]

Today’s Market Trend

WTI crude prices remain in the range of $46.00-$46.50/b this morning. WTI opened at $46.49/b today, an increase of $0.14, or 0.30%, above yesterday’s opening price. Current prices are $46.36/b, $0.07 below yesterday’s closing price. WTI crude prices have opened slightly higher for the past two trading sessions. Product prices also have risen in the […]

Today’s Market Trend

WTI crude prices are slightly above $46/b this morning. Friday brought a price rally after two steep price collapses last week. WTI opened at $46.35/b today, up $0.84, or 1.85%, above Friday’s opening price. Current WTI prices are $46.10/b, down $0.12 below Friday’s closing price. Last week ended nearly $3/b in the red despite Friday’s […]

Today’s Market Trend

WTI crude prices are down to approximately $45.25/b this morning after a sharp collapse yesterday. Another sharp collapse overnight is being moderated by some morning buying. WTI opened at $45.51/b today, a major drop of $2.09, or 4.39%, below yesterday’s opening price. Current WTI prices are $45.23/b, down $0.29 below yesterday’s closing price. Both crude […]

Today’s Market Trend

WTI crude prices have spiraled below $47/b range this morning. Prices yesterday trended generally down, closing at $47.82/b. WTI opened at $47.60/b today, a drop of $0.52, or 1.08%, below yesterday’s opening price. Current prices are $46.79/b, a hefty drop of $1.03 below yesterday’s closing price. Prices at the moment are as low as they […]

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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