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

Prices Floating Downward

Wednesday, Nov 6 2019
Market Talk

Prices are floating downward for the energy complex this morning after the American Petroleum Institute published a 4.26 million barrel build in crude oil stocks last week. According to the Institute, nationwide gasoline and diesel inventories both drew ~4 million barrels and ~1.5 million barrels, respectively, but both products’ futures contracts seem content selling off so far today.

Special attention will likely be paid to the update on the status of the nation’s oil and products inventory given the amount uncertainty surrounding US-China relations, OPEC’s supply situation going into 2020, and a sudden reemergence of Venezuelan oil headlines.

The Department of Energy’s weekly inventory report is due out today at 9:30 CST which will likely set the tone for the rest of the week’s trading activity. With futures taking a breather this morning, it will be interesting to see if a bearish number from the DOE will throw a wrench in energy’s 1+ month rally.

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
Archive

Market Talk
Latest Posts

Market Talk
Archive

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

TACenergy
  • 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.