• Supply
  • Social Media
VisitTAC - The Arnold Companies
Customer LOGIN

Oil Prices Fall From Seven Month Highs

Tuesday, Jan 14 2020
Market Talk

Oil prices fell from seven month highs to five week lows in just five trading days as the Iranian threat to global oil supplies has subsided, even as its nuclear deal is on the brink of collapse. Both Brent and WTI prices seem to have found some near-term support at their 200 day moving averages, which seems to be encouraging a bit of bottom fishing buy buyers. We’ll need to wait and see if the early rally can be sustained to know if this move higher is the end of the January sell-off, or just a dead cat bounce.

Read why Reuters Analyst John Kemp thinks prices will hold near current levels for an extended period of time. Or, if you prefer, read why the WSJ suggests an unwind of speculative betting may drive prices lower.

Another interesting read: Why Mexico declared its oil hedging program a state secret.

Today marks the last day of what historically are the sloppiest two weeks of the year for physical markets in the U.S., and already some of the spot & rack markets with the most severe discounts are showing signs of recovery. Several planned refinery turnarounds are starting along the U.S. Gulf Coast over the next two weeks, and that maintenance activity should build through February as plants tool up for the spring.

Click here to download a PDF of today's TACenergy Market Talk.

News & ViewsMarket Talk

News & Views
Latest Posts

KTBS 3 Spotlight on TACenergy Leadership COO Fred Sloan - Sharing Thoughts on Changes in the Gas Market
Go Rentals Opens 10 New Locations with Partner, TAC Air
Tac Air's new facility features B17-G model airplane, Military Situation Room
TAC Air B-17G Model Brings Nostalgia and Tears

News & Views

Market Talk
Latest Posts

Market Talk

TACenergy logo
Sales:  800-375-FUELSupply & Logistics:  800-808-6500

Get in Touch

Sign up to receive market talk updates in your inbox each day.
Establish a credit account.
Apply For Credit
Need to make a fuel order today?

Follow us

  • Supply
  • News & Views
  • Market Talk Updates
  • Social Media
  • Contact a Representative
  • Customer Login
  • Apply For Credit
Find Your Next Great Role With TACenergy.
Explore Careers
  • Privacy Policy
  • Terms of Use
  • Employee Login
  • Sitemap
TACenergy, LLC © 2022. All Rights Reserved.