Crude prices are down slightly to $46.50 this morning, losing a minor 4 cents this morning. Prices opened this morning 60 cents higher than Friday’s opening price. Prices have fallen slightly since today’s open, with no fundamental news driving price action.
Crude prices this morning are $46.63, up 1.2% from yesterday’s close. Crude opened at $46.08 today, $.64 higher than yesterday’s opening price. Interestingly, today’s price broke through the 50-day moving average price of $46.54, which is an indicator of bullish market sentiment.
After a slow start comprised of daily up-down-up movement, prices this week have risen higher amid a falling dollar and inventory stock draws. Prices have risen from an opening price of $44.35 on Monday to over $46 today, a gain of around $2/bbl, or around 4.5%.
Crude prices are currently $45.46/bbl this morning, down .7% from yesterday’s closing price of $45.49. Prices reached a high yesterday of $46.48 following the EIA inventory report, followed by a less enthusiastic response to high production data and falling demand. Prices opened this morning at[…]
Crude prices this morning are $46.05, picking up some notable gains this morning. Crude opened this morning at $45.74, and have edged higher throughout the morning. Prices ended the day roughly $.50 higher than their opening yesterday, ending at $45.04. Prices have risen over a dollar from[…]
Crude prices this morning are $43.98, having shed the gains the market put up yesterday. Crude opened this morning at $44.58, slightly higher than yesterday’s opening price of $44.35. Yesterday the market fell to $43.65, before traders bid the price up to $44.84, closing at $44.40. Prices are now[…]
Fuel prices had a bumpy week, opening the week at $46.28/bbl on Monday, rising as high as $47.32 on Wednesday, and falling to open on Friday at just $45.35, ending the week in the red. Markets are falling rapidly on Friday morning, and have reached lows of $44.05 as of the time of writing. After[…]