Economic Outlook Weighs On Futures
After a mixed start Thursday morning, the entire complex moved
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Price Moves
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May 16
Political Upheaval Pressures Crude
Crude settled below 94.00 Tuesday as political turmoil in Europe
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Economic Update
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International News
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Renewable/Alternative
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Other Articles
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May 18
Today’s Trend
Trading is mixed this morning with RBOB gaining strength while crude and heating oil are moving lower. Gasoline traders are indicating recent product draws, falling prices and a weaker European
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May 18
North Dakota Exceeds Alaska
North Dakota’s crude production continues to increase according to the latest data issued by the North Dakota State Industrial Commission. With the increase, North Dakota is now ahead of Alaska as
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May 18
Pipeline Reversal Narrows Spread
Operators of the 500-mile Seaway Pipeline that has been flowing North since 1995 completed pipeline reversal modifications Thursday and announced it will open the spigots this weekend. This move is
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May 17
Today’s Trend
Futures are mixed this morning with crude trading slightly above 93.00. The entire complex has rebounded from overnight lows with crude leading the way. The market is gaining some support
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May 17
DJIA Continues Its Slide
May continues to wear on financial markets as Greece’s political chaos drags on. New elections were called for in Greece after coalition talks to form a new government fell apart
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May 16
Today’s Trend
Overnight, crude moved to its lowest level in six months, pressured by Tuesday’s bearish API data which traders anticipate will be supported with this morning’s DOE update. All of the
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May 16
Tropical Storm Aletta
Tropical Storm Aletta has weakened as it moves far out into the Pacific and is expected to dissipate late in the week or over the weekend. Another area of disturbed
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May 16
Retail Gasoline Consumption Increases
SpendingPulse reported retail gasoline consumption as measured by purchases at the pump increased 385,000 bpd to an average of 8.976 million bpd for the week ending May 11 as prices
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May 16
API Update
After the market close, the American Petroleum Institute reported crude stocks climbed 6.5 million bbls as imports increased and refinery runs decreased. This increase was more than four times analysts’
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May 16
Inventory/Sales Ratio Falls
The Commerce Department reported Tuesday that business inventories rose .3% in March, the smallest increase since November, while business sales rose .6%. Stocks have remained lean relative to sales. The
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May 16
Consumer Spending Off To A Sluggish Second-Quarter Start
Additional data from the Commerce Department Tuesday showed retail sales rose only .1% in April as milder weather may have encouraged consumers to make purchases in the previous two months.
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May 16
Builder Confidence Increases
The National Association of Home Builders/Wells Fargo builder sentiment index rose to 29 in May, its highest reading since May 2007 and up from a revised reading of 24 in
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May 16
Stocks Waver
The DJIA continued its two-week slide that has shaved off nearly 5% of its value. U.S. stocks moved between modest gains and losses Tuesday as traders were torn between encouraging economic
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May 15
Today’s Trend
The market is trading slightly higher today as encouraging growth figures out of Germany are offering some hope for continuing oil demand from Europe’s largest economy. Traders, however, are expected
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May 18