Week in Review – December 6, 2019

The Crude Market was up for the week.  The market was flat to start the week as it weighed major losses last Friday.  Mid-week reports from the API and EIA printed bullish inventory number which, along with OPEC rumors of supply cuts, helped drive markets higher to close the week.  The markets are up in early trading on Friday morning.

Prices in Review

WTI Crude opened the week at $55.47. Inventory news and OPEC supply cut talk helped to lift prices mid-week.  Crude opened Friday at $58.32, a gain of $2.85 (5.1%).

Diesel opened the week at $1.8822.  It generally followed crude throughout the week.  Diesel opened Friday at $1.9320, a gain of 5.0 cents (2.6%).

Gasoline opened the week at $1.5965.  It dropped to open the week but followed crude higher to close the week.  Gasoline opened Friday at $1.6213, a gain of 2.5 cents (1.6%).

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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