DAILY OIL PRICE: May 14
Crude Oil: 61.78 (+0.74).Nymex MTD AVG: 61.8929.Natural Gas: 2.659 (+0.038).Gasoline: 1.9767 (+0.0130).Spreads: June/July (-.18) July/August (-.12).Plains WTI Posting: 58.25 (+1.00).</ul
DAILY OIL PRICE: May 21
Crude Oil: 62.99 (-0.11).Nymex MTD AVG: 62.1790.Natural Gas: 2.613 (-0.060).Gasoline: 2.0193 (+0.0094).Spreads: June/July (-.14) July/August (-.08).Plains WTI Posting: 59.50 (+0.00).</ul
DAILY OIL PRICE: May 2
Crude Oil: 61.81 (-1.79).Nymex MTD AVG: 62.7050.Natural Gas: 2.589 (-0.031).Gasoline: 2.0183 (-0.0459).Spreads: June/July (-.09) July/August (-.04).Plains WTI Posting: 58.25 (-1.75).</ul
DAILY OIL PRICE: May 22
Note: The June Contract has expired, and the July Contract is now prompt. Today, the July Contract price decreased by -$1.71.
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DAILY OIL PRICE: May 3
Crude Oil: 61.94 (+0.13).Nymex MTD AVG: 62.2460.Natural Gas: 2.567 (-0.022).Gasoline: 2.0265 (+0.0082).Spreads: June/July (-.10) July/August (-.03).Plains WTI Posting: 58.50 (+0.25).</ul
ELAM: Oil and stock prices likely topping
The Reuters/Jefferies Commodity Resource Bureau index peaked in 2008 around 460 after rising from 180 in year 2002. By 2011 it had regained 370....
DAILY OIL PRICE: May 30
Crude Oil: 56.59 (-2.22).Nymex MTD AVG: 61.1383.Natural Gas: 2.547 (-0.077).Gasoline: 1.8786 (-0.0666).Spreads: July/August (-.15) August/September (-.07).Plains WTI Posting: 53.00 (-2.25).</ul
DAILY OIL PRICE: May 16
Crude Oil: 62.87 (+0.85).Nymex MTD AVG: 61.9619.Natural Gas: 2.639 (+0.038).Gasoline: 2.0618 (+0.0491).Spreads: June/July (-.19) July/August (-.11).Plains WTI Posting: 59.25 (+0.75).</ul
DAILY OIL PRICE: May 17
Crude Oil: 62.76 (-0.11).Nymex MTD AVG: 62.0879.Natural Gas: 2.631 (-0.008).Gasoline: 2.0473 (-0.0145).Spreads: June/July (-.16) July/August (-.07).Plains WTI Posting: 59.25 (+0.00).</ul
ELAM: Have we seen the top?
China said on Friday that it would retaliate after the US moved to increase tariffs on hundreds of billions of dollars’ worth Chinese products...