The big jump in futures earlier in the week came after the world saw that Ukraine still has a lot of fight left in the ongoing Russian war. Using what is considered “low...
Oil futures jumped late yesterday and continue to rise early this morning on news that a Federal Trade Court has ruled the Administrations use International Tariffs does...
The sell off in Diesel futures recently is welcome news to most as pricing is down roughly $.10 from a week ago. With new demand figures released yesterday showing...
The massive JENGA puzzle commonly referred to as the Oil Market has seen several layers added on top in the last week. Only to wake up today to a shaky future. Diesel...
Pricing for the last week has remained somewhat range bound even as the FED has left interest rates unchanged for a third consecutive meeting. Citing “an increased...
In the last four days Diesel futures have fallen harder than Shedeur Sanders on draft day. Losing about $.14 in value this past week, we mentioned that the focus would...
Front month diesel prices are starting to claw their way back from yearly lows posted earlier in the month. Sitting about $.10 higher than 2 weeks ago, all focus is...
Gasoline and Diesel pricing is roughly a dime off the lows of last week. In normal times ( I thought we were done saying that) with the bullish factors of slowing world demand, a weak US dollar, and additional Iranian sanctions, we would have seen future pricing jump $.20 ahead of a long trader weekend.
To say I am confused, while easily done, is an understatement. I would suggest that most market players are as well. We have seen about $.30 get erased in the fuel pits the last week, all based on what was to be the fallout from US imposed tariffs, foreign countries tariffs, and reciprocal tariffs.
Sweeping unilateral tariffs of all products imported into the United States has commenced once again……. Well, kinda… While tariffs on many imports were instituted last...