Thomas Finlon

Market Summary: July 25, 2021

Jul 26, 2021

Petroleum prices gained for the first week in three despite opening the week with a 7.5% drop on Monday. The severe drop was due in large part to ongoing concerns of the delta variant of COVID-19 that has been resurgent in a number of countries... more

Market Summary: July 18, 2021

Jul 19, 2021

Petroleum prices dropped for a second consecutive week and second in eight, falling by the largest amount since the week of March 26th. Prices did recover slightly on Friday. The resurgence of the COVID-19 virus with the emerging Delta variant,... more

Petroleum Market Summary: July 11, 2021

Jul 12, 2021

Petroleum prices eased for the first week in seven after briefly touching six-year highs as support derived from strong fundamental circumstances of rising demand and falling inventories was countered by a continuing rift between Saudi Arabia and... more

Market Summary: The Fourth of July 2021

Jul 06, 2021

Petroleum prices continued to increase as Crude rose for a sixth consecutive week, the longest such streak since December. A dispute within OPEC has extended their scheduled meeting into this week, tempering gains on Friday. All other key market... more

Market Summary: June 27, 2021

Jun 28, 2021

Crude prices rose for a fifth consecutive week as continuing optimism regarding the ongoing economic recovery propelled prices to their highest level since October of 2018. This fifth consecutive week of increases represents the longest such... more

Market Summary: June 20, 2021

Jun 22, 2021

Crude prices rose for a fourth consecutive week as optimism regarding an economic recovery propelled Crude prices to multiyear highs. The ambiguous intent of the current administration regarding renewable fuel policy has sent mixed signals to the... more

Market Summary: June 13, 2021

Jun 14, 2021

Petroleum prices rose for a third consecutive week, reaching their highest levels since October 2018. A positive report from the EIA stating that global demand would reach pre COVID-19 levels by the end of the year touching 100.6 MBPD and... more

Market Summary: June 6,2021

Jun 07, 2021

Petroleum prices reached two-year highs, gaining for the second consecutive week and fifth in the last six. Continuing expectations of demand recovery, a strong report from the EIA regarding demand increases for the balance of 2021 and evidence... more

Market Summary: May 30, 2021

Jun 01, 2021

Petroleum prices increased for a fourth week in five, touching 31 month highs on Thursday before easing at week’s end. Accelerating demand growth in the US linked to improving economic barometers, constructive inventory reports, the start of... more

Market Summary: May 23, 2021

May 24, 2021

Petroleum prices experienced their largest weekly drop since March, falling for the first week in four primarily due to the emerging view that Iranian supplies will increase amid reports of progress in diplomatic discussions in Vienna that may... more