After last weeks well scripted Iranian Strike on Israel, it appears that the short term range has tightened at a new comfort level. While diesel futures settle below the $2.60 mark, many an...
If you were one of the ones I spoke with Sunday evening after news of Irans strike on Israel, you knew I was all in that we were headed for new highs. In what turned out to be a Nothingburg...
In what should have been the start of a nice 3 day pullback yesterday, turned into a resetting of ideas. While not long term positive news, morning reports of Inflation figures up sharply f...
Special Friday edition! Last week we said fuels were at a pivotal stage and could see some downside. Well, like the Weatherman, it was 50-50 shot. In diesels, we are once again at the h...
https://www.burkeoil.com/value-added-services/energy-market-updates/tensions-rise-as-prices-surge
Today will prove to be a pivotal day as Diesel futures sit on the support line of $2.60. While we have shed nearly $.20 in the last two weeks, we still need to settle below this level to se...
After testing the limits of the top half of the range on Monday, ULSD cooled off the last three days by about $.10 to fall into the comfort zone of the mid $2.60’s. The $.20 range we have...
Sideways is the best way to describe the 20 days in the fuel market. Diesel pricing has been stuck in a $.10 range, unable to break below the $2.60 support level. Traders are digesting ...
https://www.burkeoil.com/value-added-services/energy-market-updates/stuck-in-sideways
A massive increase in demand for gas and diesel stalled the downward correction we have been seeing as of late. Adding to that, both finished products inventories fell last week, diesel fut...
With the inventory report delayed due the Monday holiday, we were able to enjoy the recent correction in pricing for another day. We are about $.11 cheaper today than a week ago and $.25 lo...
The large Crude inventory build yesterday overshadowed the decline in finished products and took the floor out of pricing yesterday. Crude increased over 12 million barrels, largely due to ...