Market Commentary

Crude oil is the essential starting point for all energy products. It also accounts for the most significant percentage of energy product prices. Over the last 10 years, crude oil has made up roughly 53.93% of retail gasoline prices and 47.3% of retail diesel prices, according to the U.S. Energy […]

Market Commentary In the first quarter of 2023, there are still a lot of unknowns about our economy, China and energy inventories. Each of these areas, along with volatility, will impact the direction of prices for the remainder of the year. U.S. Economy There is no shortage of opinions regarding […]

On Feb. 18, 2022, six days before the Russian invasion of Ukraine began, West Texas Intermediate (WTI) crude oil was trading at $91.07 per barrel. Since then, many countries have condemned the Russian aggression and responded to it with sanctions and banning imports of Russian energy products. As of May […]

The energy markets have been on a tear to the upside recently. Prices have recovered over 50 percent from the pandemic lows, and it seems nothing, not even the latest COVID-19 variant, can derail the momentum. Energy analysts and companies are trying to figure out the current supply situation as […]

You likely have seen many signs from employers seeking workers lately. Bloomberg reports thousands of cities and states across the United States are facing the most acute labor shortage in recent memory. The high demand for workers is across the board in a wide range of industries. The U.S. labor […]

The coronavirus pandemic turned our lives upside down. Everyone was affected in some fashion. Now that we hopefully see some light at the end of the tunnel, it’s worth looking back to see what we can learn from the experience. My biggest takeaway is to take nothing for granted, especially […]

On Jan. 20, Joe Biden was inaugurated as the 46th president of the United States of America. While the coronavirus pandemic and the country’s economic situation will dominate much of his early days in office, there are many climate and energy issues Biden addressed through executive actions on day one […]

As I write this latest market commentary article in mid-January, we have just gone through some serious geopolitical events in the Middle East. On Jan. 3, the United States launched an attack near the Baghdad International Airport that killed Major General Qassem Soleimani, who was the commander of Iran’s secretive […]

After the coronavirus caused a precipitous decline in WTI crude prices that saw oil futures take an unprecedented dip into negative territory, it’s fair to wonder what we can expect moving forward. Will there be a so-called new normal for energy prices, or can we expect more of the same? […]

On April 20, the energy market did something we’ve never seen before. Futures on the New York Mercantile Exchange for May contracts of West Texas intermediate crude oil, or WTI, traded to a low of -$40.32 per barrel and settled at -$37.63 per barrel on the same day they were […]

The U.S. crude oil market ventured into unprecedented territory on Monday, April 20, when prices turned negative. Futures on the New York Mercantile Exchange for soon-to-expire May contracts of West Texas intermediate crude oil, or WTI, fell to -$37.63 a barrel by the time the market closed. WTI serves as […]

If you look back at the seasonal cycle of ultra-low sulfur diesel (ULSD) futures on the New York Mercantile Exchange (NYMEX) over the last 10 years, you can see trends that have historically led to great buying opportunities. Now, keep in mind that each year’s performance will always be unique […]