Prices are up across the board this morning, following EIA reports released yesterday showing stronger oil demand globally and reduced production. Crude prices responded by moving higher after losses in the early morning. Prices fell about 40 cents yesterday morning before rising to end the day[…]
Crude prices are flat this morning, trading at $47.98 this morning, after gaining about 50 cents yesterday (~1%). At this point, just 4 refineries in Texas are still offline, representing around 690 thousand barrels per day (kbpd) of production. Several other refineries are operating at reduced[…]
It’s been a few weeks since this publication looked at retail fuel prices, and with prices so high currently, now is a good time to see what’s going on with prices at the pump. At the national level, diesel prices have risen by roughly 20 cents since mid-August, before Hurricanes Harvey and Irma[…]
Crude prices are flat this morning after substantial losses of over $1.60 (3.3%) on Friday. Prices this morning are $47.69, just slightly above the closing price on Friday. Crude markets continue to be affected by refinery outages in the Houston area; Goldman Sachs estimates that 2.2 million[…]
Crudes prices are down roughly .5% this morning to $48.90, as markets are losing enthusiasm from the post-Harvey recovery. While much crude refining remains offline, markets appear to believe that production will normalize by the time October’s future month contract comes due.
Crude prices are $49.16 this morning, their highest levels since the beginning of August. Crude prices grew quickly towards the end of the day, rising from $47.28 to $48.66, a 3% gain for the day. This morning prices are up $.50, or 1%. After prices fell rapidly during Harvey, it appears markets[…]
Oil prices are finally normalizing somewhat, at least at the national level. NYMEX crude prices are currently at $48.00, after closing Friday at a lofty $47.29. Crude prices fell from a pre-Harvey high of $48 down to the $45 range, but today are more in line with their pre-Harvey prices. This is[…]