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Today's Market Trend

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[…]

This article is part of Crude Gasoline Diesel Market & News Update Today's Trend

Today’s Market Trend

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[…]

This article is part of Crude Gasoline Diesel

Today’s Market Trend

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[…]

This article is part of Crude Gasoline Diesel Today's Trend

Today’s Market Trend

Markets are rising once again, propelled by instability in Iran. After small 17 cent gains yesterday, crude oil is up 52 cents (0.9%) today, trading at $60.89.

This article is part of Crude Gasoline Diesel Today's Trend

EIA Reviews 2017 Oil Trends

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[…]

This article is part of Crude crude prices

Today’s Market Trend

Happy New Year!

This article is part of Crude Gasoline Diesel Today's Trend

Today’s Market Trend

The oil complex is experiencing moderate losses this morning after a week of steady gains. Across the board, markets were able to reverse their losses yesterday morning and trend higher, rising enthusiasm following Wednesday’s bullish inventory report. This morning, crude prices are currently[…]

This article is part of Crude Gasoline Diesel Today's Trend

Today’s Market Trend

Markets experienced mixed results following the EIA’s energy data yesterday, with crude and diesel prices rising moderately while gasoline soared. Crude gained 43 cents (0.7%) yesterday, but are down 40 cent this morning. Currently, crude is trading at $57.69.

This article is part of Crude Gasoline Diesel Today's Trend

EIA Inventory Levels – Analysis

Yesterday, the EIA released its weekly report on fundamental oil statistics, the most notable of which was a larger-than-expected crude inventory draw that brought crude inventories down to 436.5 million barrels (MMbbls). Gasoline also got a large, four-cent boost from the 1.2 MMbbl build, which[…]

This article is part of Crude Gasoline Diesel

Today’s Market Trend

Markets are continuing their upward streak this morning, continuing to move higher based on the API’s report of a sizable crude draw. Crude prices are currently trading at $57.77, a gain of 21 cents (0.4%) since yesterday’s close.

This article is part of Crude Gasoline Diesel Today's Trend

Daily Commodity Report

COMMODITYLASTCHANGE
CRUDE$52.27▼0.35
NO.2 DSL$1.8694▼0.0192
GASOLINE$1.3796▼0.0061
NAT. GAS$3.10▲0.120
CBOT ETHANOL$1.2751▼0.0003
UPDATED01/24/19 - 8:57 a.m.

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