Oil prices are relatively flat this morning as the latest API data from last night showed a build in crude stockpiles of 3.1 million barrels, coupled with a draw in Cushing.  The DOE just reported this morning a build of over two million barrels, with draws in both gasoline and distillates. 

With most of the current news centered around last weekend’s OPEC meeting in Doha, described as a “flop” by one analyst, the resolved Kuwaiti oil workers’ strike and the continued market oversupply, I thought it would be interesting to compare where the settles are now versus where they were exactly one year ago.


April 19, 2015 vs. April 19, 2016:

WTI:       $56.38 vs. $41.08 (-27 %)

RBOB:   $1.9315 vs. $1.4799 (-23%)

HO:        $1.8771 vs. $1.2632 (-32%) 


Wall Street Journal Headline today:

“Crude Prices Tumble as Kuwait Oil Workers End Strike”

Wall Street Journal Headline on April 20, 2015:

“Oil Prices Rise as Oversupply Concerns Ease”

It’s anyone’s guess as to where the pricing will settle April 19, 2017.

Written by:

As Director of Marketing for Guttman Holdings, I lead our advertising, digital marketing, branding, and public relations strategies, and share my expertise to communicate key messaging to all our stakeholders. With my diversified leadership background, I also drive innovation and cutting-edge business practice and results, to generate interest in Guttman Energy, Guttman Renewables, and Source One service offerings.

Guttman Energy Daily Market Update Disclaimer – The information contained in this market update is derived from sources believed to be reliable; however this update could include technical inaccuracies or typographical errors and Guttman Energy does not guarantee the accuracy, completeness or reliability of this update. FURTHERMORE, THIS UPDATE IS PROVIDED “AS IS,” WHERE IS, WITH ALL FAULTS AND WITHOUT ANY WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY. GUTTMAN ENERGY ALSO SPECIFICALLY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES. YOU USE THIS UPDATE AT YOUR SOLE RISK. This update and any view or comment expressed herein are provided for informational purposes only and should not be interpreted in any way as recommendation or inducement to buy or sell products, commodity futures or options contracts.