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Tag Archives: crude

OIL STORAGE CRUNCH COULD LOWER CRUDE PRICES EVEN FURTHER

The U.S. is running out of places to stash its overflowing oil supplies, threatening to further drive down crude prices that rebounded in recent days. Supply – including oil produced in the U.S. and imported – has been outpacing U.S. refiners’ demand by about 1 million barrels a day on average since early January, according… read more

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BIG FALL

U.S. crude continued to fall Tuesday, dropping $2.34 to $47.67 a barrel on the New York Mercantile Exchange. The price of oil has fallen by more than half since trading as high as $107 in June 2014.  

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PROPANE UPDATE

Some tips from GROWMARK Energy — if crude stays higher-priced courtesy of geopolitics, it’s likely that propane prices will also keep advancing. Propane likes to follow crude indications even though the percentage of refinery-produced propane is much lower now than in past years.

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