Category: CDL Drivers

Diesel And Lumber Prices – June 11, 2019

Fears of an economic downturn have started to impact oil consumption. As a result, Brent and U.S. West Texas Intermediate crude futures have fallen almost 20% after reaching their 2019 peaks this spring. “Uncertainty and volatility are set to prevail, and the immediate price outlook remains anything but clear,” said Tamas Varga, senior analyst at …

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Diesel And Lumber Prices – May 21, 2019

Oil prices jumped this week after the Saudi Energy Minister indicated that OPEC will continue to limit supply. The energy minister’s comments come after OPEC and its allied oil-producing countries agreed to reduce output by 1.2 million barrels per day for six months starting on January 1, 2019. Analysts also expect Iranian oil exports to drop …

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Diesel And Lumber Prices – April 16, 2019

  Tightening oil supplies across the globe have pushed prices of the commodity higher since the beginning of 2019. But while crude prices are still showing positive momentum, analysts are still worried about volatility in the market. As of Friday, West Texas Intermediate Crude ended trading fairly flat, up less than 0.5%. Meanwhile, RBC Capital …

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