Markets rose yet again yesterday, with crude oil surpassing $57 per barrel to close the day at $57.35, a gain of 2.5%. The oil complex is reeling from a slew of geopolitical risk factors impacting producers around the world. Crude prices are calm this morning, though we said the same yesterday[…]
Oil markets have leveled off, with crude oil trading flat this morning after a strong rally late Friday afternoon. Crude markets opened at $55.97 this morning, which was the highest opening price in more than two years; you’d have to look back to July 2015 to find higher prices. Crude prices are[…]
Markets are moving higher this morning after a mixed trading session Thursday. Crude oil made modest gains during yesterday’s sessions, picking up 26 cents from opening to close. Prices continue to move slightly higher this morning, gaining 17 cents to reach its current price of $54.71. Crude is on[…]
The oil complex saw mixed results after a somewhat disappointing EIA report. Crude prices fell 35 cents yesterday, as the EIA confirmed a smaller than expected draw this past week. Crude is trading mostly flat this morning, lossing another 9 cents (.07%) this morning, bringing prices to $54.21.
Markets got a strong boost from a bullish API report published yesterday, which propelled prices higher overnight and this morning. Crude prices gained 30 cents yesterday to close at $54.38. This morning, crude is continuing to strengthen, gaining another 52 cents (.96%) to bring prices to $54.90.
Oil markets are flat this morning after a strong day of trading on Friday. Crude oil gained $1.10 during Friday’s session closing at $53.90. After a quiet weekend, prices have retained their strength and are currently $54.02. Brent saw a strong day on Friday as well with prices settling above[…]
Markets saw a sharp increase during yesterday’s trading session, with all products moving higher. Markets have cooled off a bit this morning, though remain elevated. Crude oil went from $52.19 to $52.64, a 45 cent (+0.9%) gain. Yesterday’s close once again marketed the highest closing price since[…]
After an EIA report that held little exciting headlines, oil product prices either fell or held their position yesterday. Crude prices fell 38 cents (-0.7%) yesterday, as the EIA confirmed a small crude stock build this past week. Crude is trading flat this morning, with prices last seen at $52.10.
Markets got a strong boost yesterday from a bullish API report, which propelled prices higher yesterday afternoon. Crude oil prices gained 58 cents (+1.1%) yesterday, despite a reported stock build. This morning, prices have slowed a bit, but have still held on to much of their gains. Crude closed[…]