Crude is trending lower this morning, though the near-term fundamental news of the week has been relatively supportive. Despite oil inventories continuing their trend lower, crude prices fell slightly yesterday, giving up 12 cents. Today, prices are a good deal lower, with crude prices currently at[…]
After five straight weeks of steady gains that have brought WTI crude prices a whopping $6 higher (over 10% gains in just a month), it looks like markets are set to break their winning streak. Crude prices are down 70 cents (1.1%) this morning compared to Tuesday’s opening price. Analysts are[…]
The oil market failed to make any notable movements yesterday, with WTI crude oil ending just 8 cents above its opening price. Today, that inactivity continues, with prices dropping just slightly lower. Refineries in the Gulf Coast have been struggling with freezing temperatures, and its affected[…]
Editor’s Note: We don’t often talk about natural gas in this publication (to keep up with the latest natural gas trends, consider subscribing to Natural Gas News), but this winter we’ve seen natural gas trends impact fuel prices. We’ve mentioned in FUELSNews lately that diesel prices have been[…]
Oil markets lost ground yesterday, led lower by falling diesel prices. Crude gave up a bit over 1% yesterday, closing at $63.73. Today, prices have been flat, searching for a direction ahead of this afternoon’s API report. Crude prices are trading at $63.65, a loss of 8 cents.
After sweeping across the Midwest and bring extremely low temperatures, Winter Storm Inga has made its way to the East Coast, bringing snow and icy weather from Florida to Maine. Today will hopefully be the worst of the bad weather, but the storm has already had an impact on fuel supply.
Oil markets once again hit a new high yesterday, with WTI crude closing well above $64. New highs have become the norm in recent weeks, as January has brought $4 in gains in just the first half of the month. Today, prices have cooled off a bit, with prices down by 24 cents, trading at $64.06. Of[…]
Markets are trading lightly today, with many institutions closing in observance of Martin Luther King, Jr. Day. After a big up-and-down last week that saw prices fall from $64.50 $63.20 and back up, crude prices are currently trading just a few cents above Friday’s closing price, at $64.40.
Yesterday’s trading session saw mixed results after the EIA reported the 8th consecutive stock draw from crude oil, and stock builds for both products. Crude gained 30 cents from its opening price to settle at a three year high of $63.80. Today, crude prices are trending lower, with prices[…]
It’s been another week of large gains for crude oil, with prices gaining $1.96 between Monday’s opening price and this morning. The New Year is continuing its trend to push prices higher with crude oil posting a three year high closing price on Thursday. After the API reported massive inventory[…]
Markets remained mostly flat during yesterday’s trading session following an EIA report that showed minimal draws compared to the large draws estimated by the API report. Despite the rather disappointing inventory report, crude kept its strength throughout the day and closed 16 cents higher than[…]
The price of Brent crude oil averaged $54/barrel (b) in 2017, an increase of $10/b from 2016. EIA’s January Short-Term Energy Outlook forecasts Brent to average $60/b in 2018 and $61/b in 2019. In both 2018 and 2019, EIA expects total global production to be slightly greater than global[…]
Markets continued their bullish run yesterday with gains exceeding $1/bbl (1.7%), thanks to a large inventory stock draw reported by the API. The latest push boosted prices above $63, another multi-year high for crude oil, though prices fell slightly below the threshold before closing. Today,[…]
Natural Gas News - January 10, 2018 Enterprise Products Expanding NGL Facilities in Houston and Permian
After some ups and downs yesterday, crude oil managed to wend its way back to positive territory, with prices ending the day 12 cents higher. Today, prices are pushing their way higher once again, with prices currently surpassing $62/bbl. Over the past week, prices have peaked above $62 a couple[…]
There is an explosion of smart, consumer technology designed to track everything we do – the steps we take, the hours we sleep and the energy we’re using at home. It is all designed to show us reality and to support making positive changes. With all these technologies available to consumers, why[…]
After across-the-board losses on Friday, markets are trading relatively flat this morning. After peaking above $62 on Friday morning, crude oil gave up 46 cents (-0.8%), closing the day at $61.44. This morning, prices opened at $61.61, and have remained relatively anchored to that price. Crude[…]
Yesterday was a relatively quiet day, with the EIA’s inventory report causing markets to fall and rise back up again, yielding a net change of just +5 cents. Those 5 cents pushed prices up above $62, the first time markets have closed above $62 since December 2014. Today, crude prices are trending[…]
It’s been another week of large gains for crude oil, with prices gaining $1.70 between Tuesday’s opening price and this morning. During December, prices rose from an opening price of $57.41 to $60.42, a gain of $4. In just the first few days of January, prices have already risen nearly half of[…]
Oil markets are trading steady this morning after another set of large gains yesterday. Yesterday, the API’s inventory report helped propel crude oil higher by more than $1.20 (2.1%), well surpassing $61/bbl. This morning, markets have found less exuberance, trading flat with just an 8-cent price[…]
Editor’s Note: Today’s article, shared from the EIA, is a good reminder that oil prices are just a part of a much larger commodity market. While numerous factors affect oil prices directly, other global factors can impact commodities markets as a whole, such as changes in the U.S. dollar. When it[…]
2018 Brings Winter Diesel Operability Concerns Much of North America is experiencing colder than expected temperatures this week; if your fuel is not protected, winter weather could wreak havoc on your operability. Low temperatures have been particularly acute in the Midwest and Northeast United[…]
Crude oil prices ended 2017 at the highest levels since 2013. West Texas Intermediate (WTI) crude oil prices averaged $51/b in 2017, up $7/b from the 2016 average, and ended the year at $60/b, $6/b higher than at the end of 2016. Brent prices have moved up $10/b since the end of 2016 and ended the[…]