Crude Market is Up… At least for Today

Crude Market is up today on concerns Crude supply may be getting tighter. Led mostly by Kuwait’s employee strike shutting down production and drastically reducing their exports by an estimated 60%. It is expected that this strike could last 2 weeks. The market is still generally oversupplied as bubbles in crude prices have kept producers who…

Fuel Market Update 2/25/2016

NATIONALLY – There has been much speculation lately as to the time when crude supply and demand will balance back. It was suspected earlier in the year, that Q1-Q2 would be the season to see prices jump. However the EIA predicts that it may be as late as 2017 until we find equilibrium. The spurts…

China Impacting Oil Market

Crude is Lowest since Early 2004. WTI Crude dipped into the low 30’s this afternoon as concerns about demand and oversupply pressure the market. China’s economy has had a crazy new year in its stock market the past week. Dropping day after day starting Thursday when the People’s Bank of China decreased the value of the…

Fed Raising Interest Rates

The Energy Information Agency released its inventory numbers, showing slew of increases across the board. Crude inventories increases 4.8million bbls driving the market down. Today most likely marks the end of an era for interest rates. The Fed Chair is expected to raise interest rates in a meeting at 2pm, followed by a press conference…