Thomas Finlon

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… more

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… more

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… more

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… more

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… more

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… more

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… more

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… more

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,… more

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… more