Energy Market Updates

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...

In a world where common sense is very uncommon, I would like to believe that the collective brainpower of the oil markets still have some remaining. We say all the time...

I was out the last few days. Anything happen while I was gone? The elephant in the room is what to expect with a new Administration coming in January. Short term, don’t...

Depending upon which news outlet you subscribe to, we are either on the brink of WW3 or about to roast smores around a campfire. Judging by the market direction the last...

Fuel Futures continue to rally from last week as many saw a buying opportunity too good to pass up. Diesel pricing is about $.10 higher than a week ago and Gasoline is...

Markets have appeared to take every geopolitical risk headline the same way the kids take my advice…. “whatever”. 

A week ago we mentioned that we might reset to a new low if the three key drivers fell in line. They did just that, for the most part. OPEC+ rolled production status,...

Another wild day yesterday, and this week, as diesel futures traded in a $.10 range the last two days.  There is something to be said that when you walk into a meeting the market is up $.01 and when you walk out it is down $.08! As the December screen falls off and we look at January, the overall movement still appears to be to the downside.  Again, highs not getting higher and lows getting lower over time.  Inventories showed increases across the board this week with distillates leading the charge with a huge 5.2 million barrel jump.  Demand figures showed drops in both gas and distillates and again diesel down almost 18% compared to last year.  (Although, you wouldn’t know it judging by the endless Fed Ex and Amazon trucks showing up at my door). 

A very different picture is painted this week after an almost $.18 drop in Diesel Futures posted yesterday, and another $.07 off presently this morning.  Prior to this, it appeared as though we were on a slow progression downward but instead the proverbial bubble burst.  Call it profit taking or a change in sentiment, it is clear that this correction is needed.  Should another heavy down day remain, we could be in for a return of pricing not seen since early May, which is about $.80 lower.