Oil prices slowed their upward trek this week, but not before WTI crude futures prices strode through one of the longest streaks of daily gains in recent memory. WTI futures rose every day upon opening from February 2 until...
Read MoreOil prices surged this week, heartened by several bullish items: OPEC+ restraint, job market improvements, a decline in crude oil inventories, good news in the fight against COVID-19, and progress toward another federal COVID-19...
Read MoreOil prices eased early this week, unable to recoup last week’s losses, but buying interest is picking up today. Gasoline and diesel prices are rising faster than crude prices, and they appear to be heading for a finish in the...
Read MoreOil prices have fallen this week, finally heading back down after their five-week long upward trek. The holiday season and anticipation of the presidential inauguration sustained market exuberance, but as noted in our earlier...
Read MoreMarkets are in flux this week. Oil prices are off mid-week highs, yet are heading for another finish firmly in the black. Fundamentals are bearish, yet the market appears doggedly determined to look forward to 2021. The U.S. has...
Read MoreHappy New Year, and welcome back to Fuels Market Watch Weekly! The past three weeks have been eventful—and outright tumultuous this week. This week’s violent assault on the U.S. Capitol was counterbalanced by congressional...
Read MoreThe oil complex had a strong week, elated by the rollout of the Pfizer-BioNTech COVID-19 vaccine. On Thursday, the FDA Advisory Panel unanimously endorsed the emergency use of the Moderna vaccine as well, and the FDA is expected...
Read MoreOil prices fell midweek on poor demand, ballooning oil inventories, and record-level COVID-19 infections, hospitalizations and deaths. Job formation has been disappointing, and initial weekly unemployment claims rose sharply....
Read MoreOil prices fell Monday through Wednesday this week then climbed back Thursday and Friday, largely the result of a contentious OPEC+ meeting. The original OPEC+ plan called for relaxing crude production cuts by 2 million bpd...
Read More
