Thomas Finlon

Petroleum prices continued to rise this week, increasing for the fourth week in six and fifth in nine. US Gasoline
prices set historic highs, closing on Friday at 3.759 per gallon. US Distillate stocks again reached 14 year lows.
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Petroleum prices increased for a third week in five and fourth in eight as the end of April marked the fifth
consecutive month of price increases, the largest such streak since 2018. Prices recovered from near two week
lows at the... more

Petroleum prices fell for the second week in four and fourth in seven. A decidedly mixed number of influences
resulted in the appearance of prices meandering at various points through the week. The prospects of higher
interest rates,... more

Petroleum prices increased for the first week in three and second in six in a holiday shortened week. Prices surged
despite a sizable Crude release from the Strategic Petroleum Reserve as well as relaxed ethanol restrictions for the
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Petroleum prices fell for a second consecutive week and fourth in five, driven primarily by details of a release of more than 180 MB from the US Strategic Petroleum Reserve that will be done in conjunction with the IEA that will release an... more

Petroleum prices fell for a third week in four, experiencing their largest weekly drop in terms of percentage of value in the last two years. A massive release from the US Strategic Petroleum Reserve over the next six months that will be part of... more

Petroleum prices rose for the first week in three amid persistent volatility and ongoing reduction in open interest. A missile attack on a Saudi Arabian oil installation by Iranian-backed Houthi rebels, global commercial oil stockpiles reaching... more

Volatility exacerbated by a liquidity crunch that intensified price swings was a key characteristic of petroleum markets which fell for a second consecutive week after having reached 14 month highs. The price of WTI settled below $100 on Tuesday... more

Profound volatility was the primary feature of petroleum markets which had their first weekly loss since Russia’s invasion of Ukraine. Prices fell sharply after reaching historic highs on Monday. The drop was initially triggered by comments,... more

Russia’s invasion of Ukraine caused a historic spike in petroleum prices which registered their largest weekly gains in terms of dollars on record. Accentuating the week was the dangerous seizure of Europe’s largest nuclear power plant in the... more