Prices saw mixed results on Friday as the week closed. WTI crude oil managed to eke out some small gains, ending just 5 cents higher than the week’s opening price. Today, crude is up 31 cents (.54%) from Friday’s close to trade at $57.61.
After some mixed results yesterday, markets are trending higher today. WTI crude oil saw 34 cent (0.6%) gains yesterday, and prices are sustaining this morning, picking up another 7 cents. WTI is currently trading at $57.11, which is $6.15 higher than Brent crude oil. Recall that Brent-WTI spreads[…]
As we close the week, it looks like prices could once again close for a loss, which would be the third week of losses in a row. Over the past two weeks, prices have fallen from $58.95 all the way to $57.36 last Friday. Prices remain, however, at a higher level relative to the first ten months of[…]
Markets dropped yesterday despite a generally bullish EIA report, with crude oil shedding 85 cents (1.5%). Yesterday continued the three-day loss streak, with prices falling from $58.02 on Tuesday down to a closing price of $56.40 yesterday, a 2.9% loss. Today, prices are continuing their decline,[…]
Mansfield has noticed growing interest in price risk management tools. Fleet managers who set their budget in the beginning of 2016, when crude prices were below $40/bbl and diesel wholesale rates were $1.00 or less (excluding tax), have felt the pressure of rising prices. With many analysts[…]
Natural Gas News - December 14, 2017 US House Panel Passes Bill Repealing Oil, Gas Transparency Law