Markets experienced mixed results following the EIA’s energy data yesterday, with crude and diesel prices rising moderately while gasoline soared. Crude gained 43 cents (0.7%) yesterday, but are down 40 cent this morning. Currently, crude is trading at $57.69.
Yesterday, the EIA released its weekly report on fundamental oil statistics, the most notable of which was a larger-than-expected crude inventory draw that brought crude inventories down to 436.5 million barrels (MMbbls). Gasoline also got a large, four-cent boost from the 1.2 MMbbl build, which[…]
Prices: The front-month futures price for North Sea Brent crude oil settled at $62.20 per barrel (b) on December 7, 2017, an increase of $1.71/b since November 1. Front-month futures prices for West Texas Intermediate (WTI) crude oil for delivery at Cushing, Oklahoma, increased by $2.39/b over the[…]
Oil markets are trading higher this morning after lackluster results yesterday. Crude oil yesterday saw small losses of 21 cents. Prices picked up 14 cents overnight, counteracting most of Monday’s losses, and today prices are continuing higher, with prices currently at $57.60, trading 44 cents[…]
Editor’s Note: The following article is re-printed from FN360 Q3 2017. Renewable fuels are an important part of America’s energy portfolio, and can impact prices by altering supply/demand trends. The legislation mentioned below to extend the biodiesel tax credit remains unpassed following the[…]