Energy Market Updates

Since early June we have seen diesel prices add over $.30 in value, peaking last week ahead of the holiday. We have peeled off almost half of that increase in last 4...

It is very easy in this business to look back and think “what just happened?” With a relatively calm news cycle the last two weeks, calm in the sense of more of the...

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,...

As it has been said, “It’s the same old story, same old song and dance” specifically to the Oil complex. The trident of fundamental influences on the market over the...

This is one of my favorite times of year. Grass is green, garden is popping, Yankees are still in first place, kids Interning 40 hours a week, and the bustle of activity...

I talk a lot about the short term happenings, inventories, missile strikes, etc.  The real key is to look at the long term, minimally the mid-range.  While diesel demand kicked up a whopping 10% last week, the four week average is still down by 3.8%.  Similar with gasoline demand that showed strength last week, but is still down about 1% on a four week average.  As core inflation finally ticked down 2 basis points this week, what are the long term effects, should that trend continue?  The FED should start to cut interest rates, slowly over time.  Lower borrowing costs typically stimulate an economy, thus pushing up demand for fuels, and higher prices.  We are about $.15 higher on diesel pricing than we were last year at this time, and spent much of the early summer in a tight range, we may have some downside left as war premiums are shed.

There are a plethora of factors that move futures markets. Technical factors such as support levels, moving averages, strength indicators. Fundamental factors such as...

With June future screen taking over, we have clearly reset the range over the last week. Recall, we noted that many were anticipating ULSD futures to reset back to the...

After last weeks well scripted Iranian Strike on Israel, it appears that the short term range has tightened at a new comfort level. While diesel futures settle below the...

If you were one of the ones I spoke with Sunday evening after news of Irans strike on Israel, you knew I was all in that we were headed for new highs.  In what turned out to be a Nothingburger without any Mac Sauce, Israel and their allies basically played space invaders on Iranian drones and missiles.  US aircraft were said to have neutralized over 30% of the weapons alone.  It will be interesting to see how Irans street cred is affected going forward, as we sit now, the market is unwinding a healthy chunk of the threat premium that’s been added in recent months.  ULSD futures now sit below the much talked about support level of $2.60.