- Blog

War Huh What is it Good For? – Impact of War Premium on Refinery Margins

Author Sandy Fielden

West Texas Intermediate (WTI) crude prices reached $110.53/Bbl last Friday, their highest daily settlement since May 2011 - in response to expectations of a US military attack on Syria. The sudden prospect of a Russian brokered peaceful solution to the Syrian chemical weapons crisis prompted a $3/Bbl fall in WTI prices since then. These wild price gyrations in response to events far away continue to impact US crude markets so long as we are major importers.  Today we look at how the Syria crisis affects the US oil market.
- Blog

Hydrocarbons gone wild! What happens when the crude/gas ratio breaks through 50X?

Author Rusty Braziel

Ok, crude prices were up again yesterday. This is starting to get ridiculous. There’s no hot war (yet), but crude oil prices are up nearly $33.00/bbl over the past five months, $12/bbl in the last two weeks.  NYMEX April crude closed at $107.84/Bbl, up $1.55.  It popped over $108 for a while, a level last reached in May of last year.  Technical analysts are going crazy with this signal confirming all sorts of breakouts and new trend lines.  Could WTI get back to $145.29/bbl hit on July 3, 2008?    That’s not even a stretch.  Yesterday Brent almost hit $125/bbl.  So crude traded on the international market is only twenty bucks away from the record high number.  Just 15% more to go. 

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