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

Optimism Abounds With New Record Highs

Friday, Dec 27 2019
Market Talk

Optimism abounds as US stock indices continue to reach new record highs, while energy futures continue to swim in their wake and touch fresh 3-month highs on nearly a daily basis. The September price spike remains the big target near term on the energy charts, that could determine if this rally can continue into the new year.

While prices continue to trek higher, volatility continues to decline, hovering near the lowest levels of the year for both stocks and oil, another data point to show that the fear of a trade war that hung over the markets for so long appears to be gone.

In addition to the rally in futures, Gulf Coast gasoline basis continued its stronger trend Thursday, reaching 2 month highs at a time when we often see some of the cheapest values of the year. Meanwhile CARB diesel basis reached a 1-month high, some 12 cents above their December lows, during Thursday’s session, following reports of a fire at the P66 refinery in LA.

The EIA is continuing its year-end tradition of republishing favorite articles from the year. Today’s update takes another look at the importance of the Strait of Hormuz, which has roughly 20% of the world’s total oil trade pass through on a daily basis. It’s a good reminder of what a strange year it’s been that oil prices are now trading higher than they were this summer when Iran was actively trying to blow up and/or seize tankers traveling through the area.

The DOE’s weekly inventory report will be released at 11 a.m. central.

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.