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WTI crude prices are just above $51/b this morning. Prices eased slightly from their highs yesterday, but early morning trading has brought a small uptick in prices. WTI opened at [...]
WTI crude prices have risen above $50/b this morning. WTI opened at $49.28/b today, an increase of $0.35, or 0.72%, above yesterday’s opening price. Current prices are $50.10/b, a [...]
Crude prices this week had several sharp up-down cycles caused by supply-demand headlines and worsening political turmoil. Overnight and early morning trading finds the market in t[...]
WTI crude prices are back in the vicinity of $49/b this morning, with yesterday’s downturn reversing this morning. WTI opened at $48.23/b today, a drop of $0.59, or 1.21%, below ye[...]
In North America, shared borders stimulate trade. Mexico’s top trading partner is the United States. The United States’ top trading partner is Canada, followed closely by Mexico. I[...]
WTI crude prices are in the vicinity of $49.20/b this morning. WTI opened at $48.82/b today, a significant increase of $0.97, or 2.03%, above yesterday’s opening price. Current pri[...]
API gravity is one of the key characteristics of crude oil that, along with other characteristics such as sulfur content, is used by refiners when evaluating different crude stream[...]
Crude prices this week continued on a downward path this week, punctuated by a sharp downward price movement on Thursday that hit the bottom at $45.29/b, then another collapse over[...]
Increasing crude oil production in the Permian basin of western Texas and eastern New Mexico is filling available pipeline capacity, putting modest downward pressure on West Texas [...]
WTI crude prices are in the $50.50-$50.75/b range this morning. Wednesday brought a sharp downward price correction, and prices yesterday stagnated. WTI opened at $50.71/b today, a[...]
WTI crude prices have climbed above $53.50/b this morning. WTI opened at $53.40/b today, an increase of $0.27 above yesterday’s opening, and the highest opening price since March 2[...]
Gross U.S. crude oil imports in 2016 rose to an average of 7.9 million barrels per day (b/d), 514,000 b/d more than the 2015 average. Net crude oil imports increased by a smaller a[...]
WTI crude prices are back above $50/b this morning for the first time in three weeks. WTI opened at $50.32/b today, an increase of $0.72, or 1.45%, above yesterday’s opening price.[...]
Crude prices marched up this week, finally re-attaining the psychologically important $50/b level for the first time in three weeks. Prices opened higher four days out of five this[...]
WTI crude prices recovered the $48/b mark this morning. Prices yesterday once again tested lows of $47/b before buying interest picked up. WTI opened at $47.89/b today, a drop of $[...]
In 2016, U.S. crude oil exports averaged 520,000 barrels per day (b/d), 55,000 b/d (12%) more than in 2015 despite a year-over-year decline in production. However, the rate of U.S.[...]
Crude prices languished this week, opening lower four days out of five. Price rallies were short-lived and unenthusiastic, with WTI struggling to maintain levels of $48/b, and dipp[...]
U.S. crude inventories rose once again during the week ended March 17th, 2017, rising by 4.954 mmbbls. As the figure below illustrates, crude inventories have risen in ten of the e[...]
WTI crude prices are in the $53.50/b-$54.00/b range this morning. Prices yesterday were above $54/b for a time, but the market closed at $53.54/b. WTI opened at $53.68/b today, an [...]
WTI crude prices opened the week on Monday at $53.15/b, which was $0.28 below the previous Monday’s opening (January 23rd.) Tuesday’s and Wednesday’s prices were mainly in the $52.[...]
Source: EIA. Principal contributors: Natalie Kempkey, Matthew Manning In fiscal year (FY) 2016, the U.S. government collected almost $6 billion in revenues from royalties, rental c[...]
Source: EIA Short-Term Energy Outlook The U.S. Energy Information Administration’s (EIA) January Short-Term Energy Outlook (STEO) forecasts benchmark North Sea Brent and West[...]
Source: Energy Information Administration. Principal contributor: Matthew French Crude oil prices ended the year above $50 per barrel (b). Although the annual average West Texas In[...]

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