The Oil Market Jenga: New Moves, Old Risks
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...
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...
The on again off again foreign policy approach has now reached “ludicrous speed”. In a matter of hours, a delay for Chevron refining operations in Venezuela was granted...
Ahh, the first day of Spring, flowers poking through, grass greening up, Daughters 21st Birthday (ugh!). Perfect time to inspect tanks and access ways for any damage the...
All Markets appear to be on edge as they try to figure out what the actual effect of tariffs would be with Canada and Mexico, if they are ever more than just words. Fuel...