Mon Aug 31, 2015 04:13 PM CDT Aggressive buying quickly returned to the energy market Monday morning as reports of lower-than-expected crude oil production is tightening supplies. October crude oil futures surged $3.98 per barrel, following a three-day rally to $49.20 a barrel. The uncertainty as to just how much momentum remains in the market is keeping the market bullish.
Mon Aug 24, 2015 04:14 PM CDT Heavily influenced by aggressive pressure across the stock market and widespread global market pressure, energy markets turned aggressively lower Monday. This pushed crude oil futures well below $40 per barrel, and moved RBOB gasoline contracts under $1.50 per gallon in front-month futures.
Tue Aug 18, 2015 03:02 PM CDT Ethanol futures have seen moderate price support over the last four trading sessions, but the ability to push prices to, or over, $1.50-per-gallon levels has created a challenge for the entire complex. This could create short-term resistance levels which may play into a wider market shift later in the year.
Thu Aug 13, 2015 05:24 PM CDT Ethanol futures have bounced back and forth through the last month, with price unable and seemingly unwilling to break out of the 8 cents per gallon trading range seen since the middle of July. This stability in the complex could help to draw additional buyer interest into the market through the fall months, leading to increased stability at the end of the year.