Crude may fall again as ULSD stocks climb

Crude may fall again as ULSD stocks climb

 

US Investment Bank Predicted Oil to Fall into Negative Territory

An Investment bank analyst felt the surge in oil supply unleashed by Saudi Arabia and Russia, coupled with the massive demand plunge in oil consumption from the coronavirus shutdowns, could push crude oil prices into negative territory. This was in late March that the prediction was made, and it came true a month later. 

On Monday, the same firm announced that the relief rally in oil may be coming to an end, citing bearish market fundamentals in the short term due to uncertain demand recovery and returning production in the US and Libya.

The Energy Information Agency (EIA) reported that ULSD ending stocks continued to rise last week and are now 49.8 million barrels higher than they were right before the onset of the pandemic.

Revision to Refined Glycerin

The Jacobsen reported that crude and refined glycerin prices were moving lower…

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06.27.2025

Sausage casings bulletin, June 27, 2025

Sausage casings bulletin, June 27, 2025

Runner market commentary

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06.25.2025

Sausage casings bulletin, June 20, 2025 [corrected]

Sausage casings bulletin, June 20, 2025 [corrected]

Runner market commentary

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06.24.2025

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

North American hog runners price published on Friday was incorrect due to a formula miscalculation. The original reported price of $1.63 has been corrected to the accurate rolling average...

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