top of page
Search

This weeks look ahead at Crude, Gasoline, and Heating Product 2/28/21

This week look ahead at the petroleum industry sees prices continue to rise after a steady climb and continued reports of lower than expected federal inventory. As Crude futures begin trading Sunday night oil futures are already trading 1.67 above Fridays close of just over $60 a barrel. Some speculator are calling $75-80 a barrel before an OPEC meeting scheduled in March. Lower than expected federal inventory reports of crude stockpiles and anticipation of gasoline season and restrictions being lifted leading to more traveling worldwide are driving up the prices. As of right now we will have to see if possibly a short term output increase as a solution will be resolved in OPEC’s meeting. This, too, depends on refinery capability and if they will be able to keep up with an increase in supply.

24 views3 comments

Recent Posts

See All

A look at oil for the week of March 17, 2021

API and federal inventories showed a consecutive third week increase in the stock piles of crude oil caused oil to close a bit down at the end of regular trading hours Wednesday. Distillates and fuel

3 Comments


The Utah Jazz are commencing their street family vacation via going toward Madison Sq. Backyard towards confront the Fresh new York Knicks. Utah is coming off 2 enjoyment wins versus the Bulls and the Clippers and are making an attempt in the direction of develop a successful streak. The hurt bug includes strike the Jazz, even though, as they neglected couple of mystery gamers previous sport and will perspective a identical lineup tonight.Improve:Mike Conley is out Utah Jazz Although Bogdanovic, Home, and Azubuike stay out, Whiteside and Forrest are currently questionable. Donovan Mitchell, who neglected the past video game, is not detailed upon the damage short article. Changing him, while, is Mike Conley. Fresh York is preventing in direction of…


Like

Thanks Tom. Good update.

Like
Replying to

My pleasure, thanks for reading!

Like
bottom of page