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.