Market Commentary

The energy markets were closed yesterday and as we get back to normal trading session today the market is still feeling that pressure to test lower. Good inventory levels, the outlook that supply will outpace demand for the first quarter of this year, and some weaker numbers from China on […]

The Energy Markets are closed to today from Martin Luther King Jr. Day. We are not able to offer any contracts today. International Monetary Fund Managing Directory, Kristalina Georgieve, said the signing of the Phase 1 trade agreement between the US and China will reduce, but not eliminate, uncertainty that […]

The United States and China phase 1 trade deal has been signed and in it the\Chinese have agreed to buy  a lot more energy. There are a lot of people that are questioning the ability of the Chinese to do this. The market will just have to wait and see […]

The inventory report from the EIA reported that crude oil stocks were down 2.549 million barrels and the crude stocks at Cushing, Ok were up 342,000 barrels. Gasoline stocks were up by 6.7 million barrels which was more than double what was expected. Distillate stocks were up by a massive […]

The inventory report put out by the API said that crude oil stocks were up 1.1 million barrels and the crude stocks at Cushing, Ok were down 69,000 barrels. Gasoline stocks were up 3.2 million barrels and distillate stocks were up 6.8 million barrels . The average estimates from the […]

Crude oil and refined fuel product prices traded lower yesterday, and it was mainly driven by easing tension in the Middle East and lower seasonal gasoline demand following last week’s big jump in gasoline stocks of 9.1 million barrels. That big build to inventory was the largest weekly build reported […]

Iran has now admitted that it mistakenly shot down the Ukrainian passenger jet carrying 176 people.  As a result, the country has seen protest again from its people. The United States and China are set to sign the initial “Phase 1 “ trade agreement this week here in the US. […]

Crude oil and refined fuel products prices fell slightly yesterday except RBOB which rose by 0.2% for the nearby futures month. Prices fell dramatically on Wednesday after the government report showing massive rise in total United States gasoline, crude oil, and distillates stocks. Also pushing prices lower were United States […]

The DOE inventory report showed that crude oil stocks were up 1.1164 million barrels. Gasoline stock were up 9.137 million barrels and distillates were up 5.33 million barrels. The crude oil stocks at Cushing, Oklahoma were down 821,000 barrels. The builds on crude, gasoline and diesel that were bigger than […]

The news again for today is again all about the US and Iran. Last night around 6 PM CST the new broke that Iran had launched more than a dozen ballistic missile against multiple bases housing US military troops in Iraq. As the new of this attack broke energy price […]

The market continues to ease back off the recent highs as it appears that traders are taking profits as the market continues to watch the news for updates related to potential retaliation from Iran. The speculations and opinions are all across the board on what might happen an until something […]

On Friday the market got the Baker Hughes rig count and it showed that US crude oil rigs were down 7 and in Canada oil rigs were down 25. The outlook for US shale has been for rigs to decline as US shale companies try to generate better returns for […]