As noted yesterday, having prices role from September contracts to October contracts has had a huge effect on prices this morning. Recall that NYMEX prices are future prices, so the price you see today is for “prompt month” (currently October) delivery. Crude prices are up a dollar to $47.03 this[…]
Crude prices remain lower today as refineries in the Gulf remain offline, reducing crude demand. Prices are 46.03 this morning, above their close yesterday of $45.96. Prices have been struggling; crude barrels were trading at a low of $45.58 this morning, the lowest its traded since July. 4.6 MMbpd[…]
After falling sharply yesterday, crude prices are $46.58 this morning, a penny above their closing point yesterday. Prices struggled yesterday, giving up $1.32 during the trading session as refineries in the Gulf shut down, reducing the demand for crude oil. Prices have been mostly flat this[…]
Tropical Storm Harvey continues to affect the Gulf Coast, shutting down refineries and, to a lesser extent, crude production. Already, the storm has had a severe impact, with fourteen lives lost and severe devastation throughout the Gulf. For the entire Mansfield and FUELSNews teams, our thoughts[…]
Crude prices are down to $48.00 this morning after making slight gains yesterday and opening this morning at $48.36. Crude prices have fallen 41 cents (-.85%) since closing yesterday at $48.41. Crude prices weaken despite the relatively constructive EIA U.S. inventory report published Wednesday.
Crude oil prices are relatively unchanged since yesterday’s trading session. Crude prices are down slightly this morning at $47.29, losing 8 points (.17%) from yesterday’s close. Prices have continued their losses this week, shedding $1.22 since Friday’s surprising close. Although crude has given[…]
Crude prices are $46.93 this morning, down $.16 (.34%) from yesterday’s close but higher overall than yesterday morning. Prices rose $.29 yesterday, as prices found technical support at the 50-day moving average for WTI. The news this week has been bearish, and markets are staying in line with that[…]