Brent North Sea Crude continues to fall, nearing the $100 per barrel mark. That seems like a significant drop, and it is. But we wanted to put it into perspective for you. The chart at right from CNBC shows the price of the Brent contract (per barrel) since April of 2010. What we see is [...]
Brent North Sea Crude is just behaving so oddly of late. Last week we saw a number of indicators that would suggest that it could be headed back up. But this week, despite the geopolitical tensions around the world, we are seeing investors
The threat of global economic weakness has pushed crude oil prices down. West Texas Intermediate as fallen to 92.48 a barrel, not quite the drop that we have seen in Brent North Sea Crude, which was trading at $105.69 earlier today. This is the narrowest gap in the WTI/Brent trade in well over a couple [...]
We have been reporting of late about the high price of gas and diesel prices. It was important to give you an update because fuel prices have been falling over the past week. We now see prices hitting levels that are actually under last-year’s at this time. A series of conditions has helped to bring [...]
There are always a few outliers when it comes to forecasting the per barrel price of oil but for the most part there is usually some consensus on the range. This has been especially true of late as the price per barrel of oil has not fluctuated all that much from month to month – [...]
The snowstorm currently battering the central U.S. has caused some travel nightmare and has obviously caused a large amount of lost productivity with so many people unable to make it to work today. However, one potential benefit is that it could provide some drought relief to the area. The snow to rain ratio is about [...]
We have a significant contrast in impacts on two different forms of energy. First, winter storms have affected production around the country in distillates and refined fuels. Refinery outages and delays in production have forced some facilities to lose as much as a full week of production. There is a lot of impact from these [...]
Consumers are going to start getting a major shock at the gas pump if current trends continue. Take a look at the AAA Fuel Gauge Report at right. The national average for a gallon of gas is now at $3.63, up about .12 cents from a year ago and up .32 cents from a month [...]
Brent North Sea Crude prices are hitting nearly $117 a barrel today. The chart at right from the NASDAQ shows the five year history of Brent North Sea Crude and we can easily see that it is nearing four year highs (the spike to $147 a barrel in 2008 being the peak). But, today’s price [...]
We wanted to take a minute to explain a change that is happening in the US crude oil market and the impact that it could have on you in the business world. First, crude inventory levels came out today. These measure the amount of crude sitting in holding tanks in Cushing, Oklahoma. Crude oil [...]
