Steve Cronin

3 weeks ago | tradingview.com | Steve Cronin |Jeff Barber

Nymex Overview: Crude Oil, Refined Product Futures Trading Lower at MiddayOPISCrude oil and refined product contracts were lower at midday Friday, but remained on track to end the week with solid gains. The declines come as equity markets were sharply lower on concerns over Trump administration tariff policies and the government data that showed inflation in February came in at a higher than expected number.

1 month ago | tradingview.com | Steve Cronin |Jeff Barber

Nymex Overview: Petroleum Futures Flat at Midday, On Track for Weekly Gain — OPISCrude oil and refined product futures prices were little changed heading into Friday afternoon, leaving petroleum prices on track for solid week-to-week gains. The NYMEX May West Texas Intermediate crude contract was up by 1cts to $68.08/bbl as of 11:30 a.m. ET and the June WTI contract was off by 2cts to $67.68/bbl. The May Brent contract was 10cts lower at $71.90/bbl and June Brent was down by 8cts to $71.39/bbl.

1 month ago | tradingview.com | Steve Cronin |Michael Kelly

Trucking activity in the U.S. jumped 3% in February in what an industry trade group said was a signal that the truck freight market is beginning to recover from a two-year recession. Activity not only saw a month-to-month increase in February but also posted its second straight year-to-year gain during the month, the first time that has happened since early 2023, the American Trucking Associations said Tuesday.

1 month ago | tradingview.com | Steve Cronin |Jeff Barber

Supreme Court Declines Request to Hear Climate Lawsuits Filed by Five States — OPISThe Supreme Court on Monday rejected a request by 19 Republican attorneys general to hear lawsuits filed by five Democratic states that seek to punish the oil industry for climate change. The court provided no explanation for turning down the request. The lawsuits have yet to play out in state courts.

1 month ago | tradingview.com | Steve Cronin |Michael Kelly

Nymex Overview: Crude and Product Prices Rise, Still Face Weekly Loss — OPISCrude-oil and refined product futures contracts were seeing gains but remained on track for week-to-week losses. The gains Friday come amid some easing of oversupply fears as Russian Deputy Prime Minister Alexander Novak told reporters that OPEC and its allies could reverse an increase in production planned to begin next month as the cartel unwinds previous production cuts that had been intended to support fuel prices.