Fuels Market Watch 24

Exclusive daily fuels market analysis by Dr. Nancy Yamaguchi.

CRUDE

Crude oil, diesel and gasoline prices appear to be stabilizing today, after making a significant downward price correction during the week. Crude oil prices are down by approximately $3/b this week, based on the expected resumption of Libyan crude exports, plus concerns that U.S.-China trade war actions will dampen global economic growth.

WEST TEXAS INTERMEDIATE

WTI (West Texas Intermediate) crude prices opened on the NYMEX at $70.38/b today, Friday the 13th of July. Over the last 24-hour period from 9AM EST to 9AM EST, crude prices have fallen by $0.44/b.

DIESEL

Diesel opened on the NYMEX at $2.124/gallon today. Over the last 24-hour period from 9AM EST to 9AM EST, diesel prices have fallen by 1.19 cents/gallon.

GASOLINE

Gasoline opened on the NYMEX at $2.0721 today. Over the last 24-hour period from 9AM EST to 9AM EST, gasoline prices have fallen by 0.81 cents/gallon.

About The Author

Dr. Nancy Yamaguchi

Dr. Yamaguchi is President of Trans-Energy Research Associates, a small, computer-oriented firm specializing in advanced analytical techniques in energy issues. She is a Senior Market Analyst and Contributing Editor to FMN Media. Her work focuses on domestic and international energy markets, covering a wide spectrum of supply, demand, trade, and pricing issues.