Petroleum Daily Report 4-28-2023

On Mobile? Click here to download the PDF Crude prices rose today, rallying after energy firms posted positive earnings including Exxon which had its best quarter on record. Despite the gains, both contracts were down week over week for the second week in a row. “The market was down much of the week on worries […]

Petroleum Daily Report 4-26-2023

On Mobile? Click here to download the PDF Oil prices sank today as recession fears are outweighing supply concerns even as crude inventories fell more than expected. EIA data showed crude inventories were down 5.1MM/bbls last week, much higher than the forecasted draw of 1.5MM/bbls. Gasoline and distillate stocks both also fell, sinking 2.4MM/bbls and […]