Oil prices were lower today after hitting multi-month highs earlier in the session. Fears of Hurricane Beryl are fading and some of that premium has been taken out of the market. “Markets came to the realization that Beryl is not going to shut down any major amounts of offshore oil production,” Flynn said. “We may see some shut, but its going to have a minimal impact on platforms.” U.S. gasoline demand is expected to peak this week with travel for the Independence Day holiday on Thursday. American Automobile Association has forecast that travel during the holiday period will be 5.2% higher than in 2023, with car travel up 4.8%. WTI traded down $.57 or -.68% to close at $82.81. Brent traded down $.36 or -.42% to close at $86.24.

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mars
  • Where: Renaissance Schaumburg Convention Center Hotel
  • Attending: Curtis Chandler (239.405.3365), David Cohen (954-729-4774), Brian Baker (239)297-4519
  • Conference Website
mars
  • Where: La Quinta Resort & Club, La Quinta, California
  • Attending: Curtis Chandler (239.405.3365)
  • Conference Website
opis
  • Where: Charlotte Harbor, Florida
  • Attending: David Cohen (954-729-4774), Brian Baker (239)297-4519
  • Conference Website