 |
WTI Crude •45 mins | 52.62 | -0.39 | -0.74% |
|
Brent Crude •10 mins | 61.14 | -0.36 | -0.59% |
|
Natural Gas •45 mins | 2.922 | -0.050 | -1.68% |
|
Mars US •12 mins | 57.12 | -0.19 | -0.33% |
 |
Opec Basket •17 hours | 61.49 | +0.59 | +0.97% |
|
Urals •2 days | 60.13 | -0.67 | -1.10% |
|
Louisiana Light •17 hours | 59.18 | +0.00 | +0.00% |
|
Marine •2 days | 61.42 | -0.32 | -0.52% |
|
Murban •2 days | 63.00 | -0.40 | -0.63% |
|
Iran Heavy •2 days | 53.73 | -1.25 | -2.27% |
|
Basra Light •2 days | 62.22 | -1.13 | -1.78% |
|
Saharan Blend •2 days | 61.01 | -1.37 | -2.20% |
|
Bonny Light •2 days | 62.19 | -1.45 | -2.28% |
|
Canadian Crude Index •15 mins | 40.95 | +0.36 | +0.89% |
|
Western Canadian Select •2 days | 42.01 | -1.03 | -2.39% |
|
Canadian Condensate •17 days | 50.16 | -1.03 | -2.01% |
|
Premium Synthetic •17 days | 53.01 | -1.03 | -1.91% |
|
Sweet Crude •2 days | 50.71 | -1.03 | -1.99% |
|
Peace Sour •2 days | 47.56 | -1.03 | -2.12% |
|
Louisiana Light •17 hours | 59.18 | +0.00 | +0.00% |
|
Domestic Swt. @ Cushing •2 days | 49.25 | -1.00 | -1.99% |
|
Giddings •2 days | 43.00 | -1.00 | -2.27% |
|
ANS West Coast •6 days | 62.67 | +1.51 | +2.47% |
|
West Texas Sour •2 days | 46.52 | -2.96 | -5.98% |
|
Eagle Ford •2 days | 50.47 | -2.96 | -5.54% |
The Two Major Factors Pushing Oil Prices Higher
Oil closed the week on…
Are Energy Hedge Funds Going Extinct?
2017 was a difficult year…
Gasoline Prices Set to Fall across the US
From Reuters: Average U.S. retail gas prices drop 8 cents in two weeks: survey
Gasoline prices averaged $3.7529 per gallon on October 19, down from $3.8375 on October 5, Trilby Lundberg, editor of the Lundberg Survey, said.
...
Lundberg said further declines in retail gas prices are expected if the cost of crude oil does not rise substantially. She added that in California, gasoline prices could have a "dramatic crash" after refinery problems caused a spike two weeks ago.
Those of us in California are still waiting for the "dramatic crash"! We are still paying well over $4 per gallon because of the recent refinery issues (I filled up Friday and paid $4.50 per gallon, but it looks like prices have fallen further over the last 2 days).
Click here to read the full article.
Net energy continues to decline. The aggregate lower net energy of the world's remaining oil guarantees higher prices down the road as we run faster, and faster (i.e. try and pump more and more expensive, low energy return oil), just to stay in place.