Week in Review – September 13, 2019

The Crude Market was down for the week.  The market started higher on Monday as a continuation of last week’s easing trade tensions between China and the US.  Over the weekend, news of a new Saudi energy minister, Prince Abdulaziz bin Salman, could have rocked markets but did not as he reassured markets that no major policy changes were on the horizon.

News of the resignation of Trump’s hawkish National Security Advisor, John Bolton, and the possible softening stance on Iran drove markets down on Wednesday and through the end of the week. Later, Secretary of the Treasury Steven Mnuchin stated that the Trump administration is not planning on relaxing Iran sanction, as they seem to have been working.

Prices in Review

WTI Crude opened the week at $56.80.  After Bolton’s resignation and the related Iran sentiment, markets went lower to end the week.  Crude opened Friday at $55.15, a loss of $1.65 (-2.9%).

Diesel opened the week at $1.8992.  It followed crude throughout the week.  Diesel opened Friday at $1.8881, a loss of 1.1 cents (-0.6%).

Diesel opened the week at $1.8992.  It followed crude throughout the week.  Diesel opened Friday at $1.8881, a loss of 1.1 cents (-0.6%).

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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.


Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote