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Oil Futures Turned Lower, Dropping to a 12-Week Low

July 7, 2022
Recap: After a brief rebound, oil futures turned lower, dropping to a 12-week low and adding to losses seen on Tuesday. This is a clear indication that traders are concerned about the possibility of a recession and has recent reports clearly allude to a slowdown in gasoline deman ... Read More

Oil Futures Fell Sharply on Tuesday to a Level Not Seen Since April

July 6, 2022
Recap:  Oil futures fell sharply on Tuesday to a level not seen since April, as fears of a global slowdown took over commodity markets while investors expect US energy production to climb and as the U.S. dollar gained strength. Analysts expect the Supreme Court's recent decision ... Read More

Crude Oil Prices Rose as Much as 3% on Friday

July 5, 2022
Recap:  In early morning trading, crude oil prices rose as much as 3% on Friday, recouping the previous session's declines, as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand. Libya declared force majeur ... Read More

The Oil Market Continued on its Upward Trend Early in the Session

June 30, 2022
Recap:  Early on Wednesday, the oil market continued on its upward trend early in the session. The market retraced more than 62% of its move from a high of $120.88 to a low of $101.53 as it posted a high of $114.05 by mid-morning. The market traded to its high as the EIA’s weekly ... Read More

WTI Futures Continued to Rebound from their Lowest Level in Almost Seven Weeks

June 29, 2022
Recap: WTI futures continued to rebound from their lowest level in almost seven weeks, ending Tuesday’s session 2% higher, as the global supply picture remains bleak and demand seems to be holding up relatively well. A G7 meeting highlighted concerns among top leaders that crude ... Read More

Oil Futures Ended Higher for the Second Straight Session on Monday

June 28, 2022
Recap: Oil futures ended higher for the second straight session on Monday as better-than-expected U.S. economic data quelled concerns over a potential slowdown in energy demand. Traders were also focused on talks between members of the Group of Seven nations on additional moves a ... Read More

The Top 5 Benefits of Adding Biofuel to Your Heating Oil

June 28, 2022
Whether you’re looking to increase your renewable energy use or simply follow a state mandate, adding biofuel to your heating oil to make Bioheat® fuel offers big benefits to homeowners and the environment.  Here, we share the top five benefits of using Biofuel in your heating oi ... Read More

What is Biofuel and Why is it Important?

June 28, 2022
Biofuel is an alternative fuel sourced from renewable feedstocks including soybeans, animal fats, and used cooking oil. In other words, biofuel is made from biomass, which makes it an organic renewable energy source. The conversion is a multistep process that involves biological ... Read More

Oil Futures Rose by More Than $4.00 a Barrel on Friday Before Paring Gains

June 27, 2022
Recap: Oil futures rose by more than $4.00 a barrel on Friday before paring gains, supported by tight supplies but limited to the upside by concern that rising interest rates could push the world economy into recession. Crude has gained support from the almost total shutdown of o ... Read More

Investors Weighed the Risk that Rising U.S. Interest Rates Could Triggers a Recession and Cut Demand for Fuel

June 24, 2022
Recap: At one point during the trading session, oil prices fell by more than $3 a barrel on Thursday in volatile trading as investors weighed the risk that rising U.S. interest rates could trigger a recession and cut demand for fuel. Federal Reserve chief Jerome Powell said the c ... Read More
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