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Oil Prices Fall to Two-Month Low With Brent Crude Below $45 per Barrel

Global oil prices on Monday accelerated decline amid growing fears of continued oversupply of the raw material on the market with Brent crude falling below $45 per barrel for the first time since May 11. 73 more words

Today's Fuel Market Report

With a relatively quiet news front on Friday, the attention of the market was drawn to the continued theme of oversupply, both domestically and globally. As a result, the market was weaker for most of the day. 395 more words

Bulk Commercial Fuels

Harga Minyak Mentah Akhir Pekan Merosot 1 Persen; Mingguan Anjlok 4 Persen

Harga minyak mentah merosot pada akhir perdagangan akhir pekan Sabtu dinihari tergerus potensi peningkatan ekspor minyak mentah Irak dan sentimen bearish data persediaan AS yang membebani pasar. 448 more words

NEWS

A Rare Alignment of DOE & API Data

Markets started yesterday on weaker footing, as the dollar followed up Tuesday’s strength with another new high. This put early pressure on the futures market, especially the RBOB contract which continues to be the weak point in the complex. 702 more words

Bulk Commercial Fuels

RBOB & ULSD at Odds in the Marketplace

Energy markets were relatively quiet on Tuesday, as participants waited on this week’s inventory statistics for a sense of price direction. The move lower was again lead by the RBOB contract, which now trades at a discount (again) to the ULSD contract. 329 more words

Bulk Commercial Fuels

Is a Flotilla of Fuel Storage Next on the Horizon?

The oil complex started the week lower yesterday as attention turned to what appears to be an oversupplied market. The downward price action was led by the RBOB contract, which had been the lagging product on Friday. 349 more words

Bulk Commercial Fuels

Rig Counts & Talk of Turkey Move the Oil Complex

Markets ended the week on a fairly muted tone.  “Summer Friday” was in full effect as front month WTI trading was just over the 400,000 lot threshold, even after an unusual rise near the end of the day. 402 more words

Bulk Commercial Fuels