Petroleum
Despite a small dip in gasoline futures prices, cash prices for gasoline remained stable on Friday, according to a Midcontinent-based trader. The tight supply and ongoing refinery difficulties, particularly at Sun Oil Co.'s and Koch Industries Inc.'s refineries, prompted cash traders to maintain strong prices. The
Petroleum
The weekly report from the American Petroleum Institute (API) reveals a significant increase in crude oil stocks, with a total of 9 million bbl added to the 337.3 million bbl in circulation as of March 31. This surge in crude stocks marks a 319,000 bbl increase compared to
Petroleum
Crude prices maintained their momentum on the New York Mercantile Exchange (Nymex) on Friday, despite gasoline prices experiencing profit-taking and a lack of demand. The decision by Wisconsin to drop plans for the reformulated gasoline (RFG) program in three counties contributed to the decline in gasoline prices. Meanwhile, crude contracts
Petroleum
Oil prices softened on the New York Mercantile Exchange (Nymex) on Tuesday, with the May crude contract settling down 2 cents at $19.05 per barrel. The recent rally on Nymex prompted profit-taking in morning trading, but some traders remained optimistic about a recovery from the day's losses.
Petroleum
Gasoline futures continued their upward trajectory on the New York Mercantile Exchange (Nymex) on Friday, with analysts predicting a further rise in prices as the April contract neared expiration. However, seasonal fundamentals weighed on futures prices for heating oil, while the news of the end of the oil workers'
Petroleum
Crude contracts on the New York Mercantile Exchange (Nymex) were weak on Tuesday due to the lack of fundamental news and the anticipation of crude stock builds in inventory reports. This was on top of many traders rolling their positions out of the April contract before its expiration. The April
Petroleum
Crude contracts on the New York Mercantile Exchange (Nymex) experienced a slight increase on Friday, with the April crude contract settling up 10 cents at $18.26/bbl. This came as traders moved their positions out of the soon-to-expire April contract and into the May and June contracts. Meanwhile, spot
Petroleum
Crude futures contracts on the New York Mercantile Exchange (Nymex) weakened in April 1995, in anticipation of bearish crude inventory reports from the American Petroleum Institute. The U.N. Security Council's decision to keep the oil embargo against Iraq in place added to market uncertainty. Meanwhile, a fire
Petroleum
Gasoline contracts on the New York Mercantile Exchange (Nymex) took a sharp decline on Friday, driven by low demand and weak technical indicators. The April gasoline contract settled at 52.47 cents per gallon, down 1.88 cents, while the May contract dropped to 52.85 cents per gallon, down
Petroleum
Market participants struggled to find direction Tuesday, resulting in slow futures trading and a lack of significant movement in spot markets. The price of light sweet crude rose slightly, while gasoline futures experienced a moderate increase, but overall market confidence remains shaken by recent volatility. Chief market analyst Bob Anderson
Petroleum
Oil prices rose on Friday in low-volume trading on the New York Mercantile Exchange (Nymex), with futures prices for crude oil, gasoline, and heating oil increasing. Spot market prices also rebounded on the Gulf Coast and in New York Harbor, although trading was thin. Market players in New York were
Petroleum
Trading on the New York Mercantile Exchange (Nymex) saw an unexpected decline in gasoline futures prices, with April and May contracts falling to 56.74 cents/gallon and 56.29 cents/gallon, respectively. The drop in price of methyl tertiary butyl ether (MTBE) may further contribute to the decline in
