Diesel And Lumber Prices – June 18, 2019


Source: Sam Meredith, CNBC


 

The International Energy Agency has lowered its estimate for global oil demand growth. The agency cited the trade war between the U.S. and China as well as fears of a global recession.

Crude futures have fallen more than 15% since the start of April.

 

Current diesel national average $3.070 per gallon.

 

Petroleum Prices

 

Diesel and Gasoline (U.S. Averages)

 

Units Current Price 1 Week Ago Change vs. 1 Week Ago
Diesel per gallon $3.070 $3.105 -$0.035
Gasoline per gallon $2.670 $2.732 -$0.062

 

 

Crude Oil & Natural Gas

 

Units Current Price 1 Week Ago Change vs. 1 Week Ago
West Texas Intermediate Crude
(Nymex)
per barrel $52.18 $53.41 -$1.23
Brent Crude 
(ICE)
per barrel $60.99 $62.17 -$1.18
Natural Gas 
(Nymex)
MMBtu $2.38 $2.36 +$0.02

 

 

Lumber Prices

From Random Lengths: Trends were mixed in structural panel trading. The announcements this week that two OSB plants were going to be curtailed indefinitely in Western Canada stirred buyers and reversed the downward trend in that market.

 

Framing Lumber & Plywood Products

 

Current 1 Week Ago 2 Weeks Ago Change vs. 1 Week Ago
Lumber – Random Lengths $326 $319 $325 +$7
Panels – Random Lengths $333 $341 $348 -$8
Board Feet (per 1000) $392.30 $343.30 $313.20 $49

 

 

U.S. Unemployment Rates

 

2019 2018 2017
January 4.0% 4.1% 4.8%
February 3.8% 4.1% 4.7%
March 3.8% 4.1% 4.5%
April 3.6% 3.9% 4.4%
May 3.6% 3.8% 4.3%
June 4.0% 4.4%
July 3.9% 4.3%
August 3.9% 4.4%
September 3.7% 3.7%
October 3.7% 4.1%
November 3.7% 4.1%
December 3.9% 4.1%

 

Sources: EIA, Trading EconomicsBloomberg

 

 


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