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Today’s Market Trend

Oil prices move higher this morning after Nigeria’s announcement yesterday that there could be a strike by the key oil workers union. Crude recovered some of its strength during yesterday’s session, closing 69 cents above the opening price. Prices have continued to strengthen this morning, gaining[…]

This article is part of Crude Gasoline Diesel

Today’s Market Trend

The oil complex posted heavy losses across the board after yesterday’s EIA report revealed sharp increases in refined product stocks and high refinery utilization rates. Crude prices gave up $1.49 to close at $55.96, its lowest closing price in 3 weeks. Prices gained a mere 13 cents this morning[…]

This article is part of Crude Gasoline Diesel

Monthly Midwest Crude Oil Imports Surpassed Gulf Coast Crude Oil Imports for First Time

In August, monthly U.S. imports of crude oil coming into the Midwest (Petroleum Administrative Defense District (PADD) 2) exceeded imports of crude oil into the Gulf Coast (PADD 3) for the first time since the U.S. Energy Information Administration began keeping records in 1981. Although Hurricane[…]

This article is part of Crude

Today’s Market Trend

After seeing some small gains during yesterday’s trading session, prices are headed lower across the board. Crude picked up a meager 14 cents yesterday, but gave up those gains and more overnight. Currently, crude prices are trading at $56.84, 78 cents (1.36%) below yesterday’s close.

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

Today’s Market Trend

Markets reversed their recent gains yesterday, with oil products posting some major losses. Crude oil dropped nearly a dollar yesterday (-1.5%) as markets turn from OPEC to market fundamentals. Crude oil is currently trending fairly flat at $57.42, with early morning losses reversing to just a[…]

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

Today's Market Trend

After a significant run in prices on Friday that added nearly $1.00 to crude prices, markets are falling back in line with their previous trends. Traders were enthusiastic on Friday that OPEC and Non-OPEC producers agreed to a deal extension, but that enthusiasm has faded today as reality sets in.[…]

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

Today's Market Trend

Oil prices move higher this morning after OPEC’s announcement yesterday that cuts will be extended through 2018. Crude traded mostly flat during yesterday’s session, closing just 1 point lower than its opening price. Prices have strengthened slightly this morning, gaining 39 points (.68%) to trade[…]

This article is part of Crude Gasoline Diesel

Today’s Market Trend

OPEC officially extended their product cuts through the end of 2018, which caused markets to run up initially before a steep sell-off, and now prices are back near where they started. Crude prices gave up 43 cents (0.7%) yesterday in anticipation of the OPEC announcement, and are today struggling[…]

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

Today’s Market Trend

Oil markets managed to eke out some gains yesterday despite trading lower for most of the day. Light volumes have kept prices from gyrating too significantly. Crude picked up a meager 13 cents yesterday, but gave up those gains and more overnight. Currently, crude prices are trading at $57.87, 12[…]

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

Today’s Market Trend

Markets are on the downward trek this morning thanks to news yesterday evening that the Keystone pipeline will resume activities today, once more allowing fuel to flow from Canada to Oklahoma and Illinois. WTI crude prices have responded by falling 25 cents overnight, and continuing declines today.[…]

This article is part of Crude Gasoline Diesel

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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