Thomas Finlon

Market Summary: May 16, 2021

May 17, 2021

Petroleum prices increased for a third consecutive week. The Colonial Pipeline reopened after six days of closure due to a cyberattack from eastern European hackers that disrupted flows of refined product in all three PADD districts affected by... more

Market Summary: May 9, 2021

May 10, 2021

Petroleum prices increased for a second consecutive week as Brent neared $70 per barrel midweek. The largest weekly decline in US Crude inventories in over a year, a weakening dollar, strong economic data from China and easing summer travel... more

Market Summary: May 2, 2021

May 03, 2021

Petroleum prices reached six-week highs as total commercial petroleum inventories fell by 1.6 MB despite US refinery utilization rates reaching 13-month highs. Prices did ease slightly on Friday largely due to profit-taking linked to the US... more

Market Summary: April 24, 2021

Apr 26, 2021

Petroleum prices softened on the week, primarily driven by a surge in Covid-19 cases in India, Japan and Brazil that weighed heavily on expectations of near-term demand. Stronger economic and vaccination data from the United States and slight... more

Market Summary: April 17, 2021

Apr 19, 2021

Petroleum prices recovered significantly this week as positive economic data from China, increases in monthly demand forecasts by both OPEC and the Paris-based IEA, a series of diplomatic expulsions between the US and Russia linked to both the... more

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