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[…]
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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[…]
It’s been another week of large gains for crude oil, with prices gaining $1.70 between Tuesday’s opening price and this morning. During December, prices rose from an opening price of $57.41 to $60.42, a gain of $4. In just the first few days of January, prices have already risen nearly half of[…]
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[…]
Editor’s Note: Today’s article, shared from the EIA, is a good reminder that oil prices are just a part of a much larger commodity market. While numerous factors affect oil prices directly, other global factors can impact commodities markets as a whole, such as changes in the U.S. dollar. When it[…]
2018 Brings Winter Diesel Operability Concerns Much of North America is experiencing colder than expected temperatures this week; if your fuel is not protected, winter weather could wreak havoc on your operability. Low temperatures have been particularly acute in the Midwest and Northeast United[…]