They say fuel prices shoot up like a rocket and fall like a feather. We’ve seen yet another example of that this week as the benchmark diesel price used for fuel surcharges has eclipsed $4 per gallon. This is about a 20-cent increase from the prior mark of $3.89. While several factors can impact this […]
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In the ever-volatile world of energy markets, a recent development has sent shockwaves throughout the industry. Cushing oil stocks, a critical indicator of oil market stability, have plummeted to near-historic lows. This sudden turn of events has caught the attention of both investors and analysts alike, leaving many wondering about the implications for the global […]
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Crude oil is having an uncharacteristic mid-summer surge, providing commodity markets volatility, and driving refined products pricing higher. The outlook has been bullish for crude and refined prices for late 2024, despite global recessionary fears, and this may only be the beginning of the rise of crude oil. Numerous factors are behind the sudden rise […]
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Crude traders continue to remain bearish in 2Q23 despite some positive indicators that would otherwise dictate a bullish market. Fundamentals are providing support but are yielding to news cycles and the rumor mill. Expectations remain in high hope for crude as we turn into the latter half of the year, but traders remain convincingly bearish. […]
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WTI = purple, Brent = Yellow Looking at global happenings Late last week, crude oil prices hit a 15-month low as news spread of the Silicon Valley Bank collapse, instilling fears throughout Wall Street of more banking troubles to come in the near future. At the low on Friday, Brent and WTI crude were off […]
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