More News Please

By: Greg Gill / June 10, 2016

Futures are falling back below $50 this morning after WTI crude and refined products finished down yesterday. Two reasons for this morning’s drop in prices could be attributed to the strengthening dollar and the negative outlook of the financial markets.  

In the stock markets, the “Stoxx Europe 600 index fell 0.9 % following losses on Wall street and China.  Bonds are also experiencing record-low yields. Japan’s 10-year bond yield fell to (- 0.155 %), while Germany’s bund yield went to (0.02 percent).  

Today the market continues downward as trader’s capture some value before the next big piece of news comes out. Next week’s Federal Reserve meeting will decide whether policy makers will change the direction of interest rates.

As discussed previously in our blog on 5/27: Higher interest rates can help increase the value of a nation’s currency. Foreign investors are more likely to invest in other currencies if the potential for earning higher interest rates exists.

 As of 11:05 am, WTI crude is trading down 86 cents, while Heating Oil is trading down .0268 and RBOB is down .0404 on the NYMEX. 


  1. Striking French refinery workers have no plans to suspend industrial action – union
  2. Global refinery capacity is set to hit a record high of 101.8 mbpd in August
  3. Indian demand for fuel jumps 6.7% in May
  4. Attacks in Nigeria- Obi Brass crude pipeline
  5. German annual inflation rate in May confirmed at zero


Categories: Daily Market Update

Greg Gill

Written by

Greg Gill

I’m passionate about fully understanding my customers’ fuel operations and the fuel markets in which they operate. I want them to view me as their fuel expert. To develop strong, trusting partnerships with customers, I have to provide them with meaningful and timely information to ease the challenges of making smart fuel decisions, allowing them to focus on their core business.

Guttman Energy Daily Market Update Disclaimer – The information contained in this market update is derived from sources believed to be reliable; however this update could include technical inaccuracies or typographical errors and Guttman Energy does not guarantee the accuracy, completeness or reliability of this update. FURTHERMORE, THIS UPDATE IS PROVIDED "AS IS," WHERE IS, WITH ALL FAULTS AND WITHOUT ANY WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY. GUTTMAN ENERGY ALSO SPECIFICALLY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES. YOU USE THIS UPDATE AT YOUR SOLE RISK. This update and any view or comment expressed herein are provided for informational purposes only and should not be interpreted in any way as recommendation or inducement to buy or sell products, commodity futures or options contracts.


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