Thomas Finlon

Market Summary: April 11, 2021

Apr 12, 2021

Petroleum prices soften this week as the reality of pending increases in OPEC+ output coupled with increases in production from members not bound to the agreement, emerging signs of a slowing economic recovery linked to stubborn remnants of the... more

Market Summary: April 4, 2021

Apr 05, 2021

Petroleum prices increased in a holiday shortened week as key influences were somewhat mixed. A surge in refinery utilization to a one year high as Gasoline demand exceeds that of last year at this time now by more than 10% was an exceptionally... more

Market Summary: March 28, 2021

Mar 29, 2021

Petroleum prices ended the week mixed, settling near unchanged despite exceptional volatility with broad outright price swings throughout the week. WTI fell 0.7%, Brent gained 0.1% while RBOB gained 1.3% and ULSD lost 0.7%. Total US commercial... more

Market Summary: March 21, 2021

Mar 22, 2021

Petroleum prices suffered their largest weekly loss since October, falling for six consecutive trading days before recovering slightly on Friday. Driven by a significant recovery in the dollar, Thursday saw the largest single day loss in 11... more

Market Summary: March 14, 2021

Mar 15, 2021

Crude prices eased at week’s end after reaching their highest levels since January 2020 on Wednesday. This was the first week in three that Crude prices fell. Refined product prices continue to increase, particularly Gasoline, as the market is... more

Market Summary: March 7, 2021

Mar 09, 2021

Petroleum prices rose more than 7% on the week, approaching two-year highs on the surprise OPEC+ decision to maintain output at current levels, dashing expectations of a small production increase amid evidence of global market demand emerging... more

Market Summary: February 28, 2021

Mar 01, 2021

Declining inventories in the aftermath of the previous week’s deep freeze, now referred to as winter storm Uri, as well as continued reductions in global stocks and a measurable decline nationally in Covid-19 cases were among the key drivers that... more