• TAC - The Arnold Companies
The Arnolds Companies

Prices Floating Downward

Wednesday, Nov 6 2019
Market Talk

Prices are floating downward for the energy complex this morning after the American Petroleum Institute published a 4.26 million barrel build in crude oil stocks last week. According to the Institute, nationwide gasoline and diesel inventories both drew ~4 million barrels and ~1.5 million barrels, respectively, but both products’ futures contracts seem content selling off so far today.

Special attention will likely be paid to the update on the status of the nation’s oil and products inventory given the amount uncertainty surrounding US-China relations, OPEC’s supply situation going into 2020, and a sudden reemergence of Venezuelan oil headlines.

The Department of Energy’s weekly inventory report is due out today at 9:30 CST which will likely set the tone for the rest of the week’s trading activity. With futures taking a breather this morning, it will be interesting to see if a bearish number from the DOE will throw a wrench in energy’s 1+ month rally.

Click here to download a PDF of today's TACenergy Market Talk.

TAC - The Arnold CompaniesTACenergyTAC AirKeystone Aviation

Latest Posts

Keystone Aviation Aircraft Sanitation
ENR Texas & Louisiana Announces 2020 Best Projects Winners
The Traveler’s Guide to Empty Leg Flights
Keystone Aviation Explains How To Identify A Reputable Air Charter Provider


Latest Posts


The Arnold Companies
  • About
  • News & Views
  • Social Media
  • Careers
  • Contact Us
  • Supply
  • Products & Services
  • Customer Login
  • Apply For Credit
  • Market Talk Updates
  • Contacts
  • Blog
  • Social Media
Find Your Next Great Role With TAC.
Explore Careers
  • Privacy Policy
  • Terms of Use
  • Employee Login
TAC - The Arnold Companies © 2020. All Rights Reserved.