Markets are rising once again, propelled by instability in Iran. After small 17 cent gains yesterday, crude oil is up 52 cents (0.9%) today, trading at $60.89.
The oil complex is experiencing moderate losses this morning after a week of steady gains. Across the board, markets were able to reverse their losses yesterday morning and trend higher, rising enthusiasm following Wednesday’s bullish inventory report. This morning, crude prices are currently[…]
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[…]
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[…]
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,[…]