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Today’s Market Trend

Crude is trending lower this morning, though the near-term fundamental news of the week has been relatively supportive. Despite oil inventories continuing their trend lower, crude prices fell slightly yesterday, giving up 12 cents. Today, prices are a good deal lower, with crude prices currently at[…]

This article is part of Crude Gasoline Daily Newsletter Diesel Featured Today's Trend

Week in Review

After five straight weeks of steady gains that have brought WTI crude prices a whopping $6 higher (over 10% gains in just a month), it looks like markets are set to break their winning streak. Crude prices are down 70 cents (1.1%) this morning compared to Tuesday’s opening price. Analysts are[…]

This article is part of Weekly Prices in Review Daily Newsletter Featured

EIA Forecasts Mostly Flat Crude Oil Prices and Increasing Production in 2018 and 2019

The price of Brent crude oil averaged $54/barrel (b) in 2017, an increase of $10/b from 2016. EIA’s January Short-Term Energy Outlook forecasts Brent to average $60/b in 2018 and $61/b in 2019. In both 2018 and 2019, EIA expects total global production to be slightly greater than global[…]

This article is part of Daily Newsletter

Identifying Fuel Price Risk

Mansfield has noticed growing interest in price risk management tools. Fleet managers who set their budget in the beginning of 2016, when crude prices were below $40/bbl and diesel wholesale rates were $1.00 or less (excluding tax), have felt the pressure of rising prices. With many analysts[…]

This article is part of Daily Newsletter

Today’s Market Trend

Oil prices are generally seeking higher ground, responding to yesterday’s EIA inventory report. Crude prices are up $.50 today to $52.64, after trading flat yesterday. Just last week, crude prices peaked above $50 for the first time in months; in the past, prices hitting $50 has triggered selling[…]

This article is part of Crude Gasoline Daily Newsletter Diesel Today's Trend

Daily Commodity Report

NO.2 DSL$1.8694▼0.0192
NAT. GAS$3.10▲0.120
CBOT ETHANOL$1.2751▼0.0003
UPDATED01/24/19 - 8:57 a.m.

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