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The product markets ended the session in negative territory for the second consecutive day

September 17, 2018
Recap: The oil market on Friday traded mostly sideways in overnight trading following Thursday’s sharp losses.  The market breached its previous low as it sold off to a low of $67.94.  However, the market bounced off that level and rallied to a high of $69.91 as the focus returne ... Read More
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EIA report showed a 5.3 million barrel draw in U.S. crude oil inventories

September 13, 2018
Recap: Oil prices climbed higher on Wednesday, after the EIA report showed a 5.3 million barrel draw in U.S. crude oil inventories. October WTI rose above $71.00 a barrel, while Brent closed in on $80.20, the high for the year. The ascent in oil prices, which began early in the s ... Read More
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Oil prices rose on Tuesday, as Hurricane Florence threatens supplies as it makes its way across the U.S. East Coast

September 12, 2018
Recap: Oil prices rose on Tuesday, as Hurricane Florence threatens supplies as it makes its way across the U.S. East Coast. This, in conjunction with the EIA lowering its forecasts for domestic production, and the nearing of the November 4th date for the imposition of sanctions a ... Read More
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Traders turned their attention to the potential of Hurricane Florence and its impact on demand on the East Coast.

September 11, 2018
Recap: After posting gains in overnight trading, WTI reversed to the downside on increasing concern that Hurricane Florence, which is brewing out in the Atlantic, would diminish demand for oil. October WTI, which at one point was trading as much as 1.1% higher on the day, gave ba ... Read More
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Oil prices were pressured by a weaker equity market, strength in the dollar and Thursday's U.S. inventory report

September 10, 2018
Recap: Oil prices spent most of Friday’s session trading to the downside, pressured by several factors including but not limited to a weaker equity market, strength in the dollar and Thursday’s bearish U.S. inventory report. October WTI fell as much as 1.3%, while Brent slipped 0 ... Read More
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EIA report showed builds in U.S. gasoline and distillate stockpiles

September 7, 2018
Recap: Oil prices gained early in the session, getting a boost from a weaker dollar and healthy U.S. demand. However, these early gains were short-lived, as traders turned their focus to emerging markets and trade wars between China and the U.S; as a new round of tariffs draw nea ... Read More
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Oil prices slipped on Wednesday after Tropical Storm Gordon petered out as it hit the U.S. Gulf Coast

September 6, 2018
Recap: Oil prices slipped on Wednesday after Tropical Storm Gordon petered out as it hit the U.S. Gulf Coast, without leaving any damage to oil-producing infrastructure. With the storm being a non-event, refining operations resumed. This combined with heightened demand concerns i ... Read More
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Tropical Storm Gordon could potentially lead to supply disruptions

September 5, 2018
Recap: Oil prices rose on Tuesday, gaining strength on the potential that Tropical Storm Gordon could reach hurricane status by the time it is set to hit the U.S. Gulf Coast thereby leading to supply disruptions. However, gains were kept at bay by expectations crude oil stockpile ... Read More
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Oil prices retreated from their highest level in 7-weeks

September 4, 2018
Recap: Oil prices retreated from their highest level in 7-weeks, pressured by rising production by the U.S. and OPEC and by renewed concern that the global trade war between China and the U.S. would hamper demand for oil. Despite the sell-off, WTI held near $70.00 a barrel, held ... Read More
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Oil prices hit their highest level in over a month

August 31, 2018
Recap: Oil prices rose to their highest level in over a month, with WTI breaking above $70.00 a barrel for the first time since July 11th and Brent breaching $78.00 a barrel in as much time. The climb that began in mid- August continues to gain support from the prospect of renewe ... Read More
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