This consumer demand for gasoline each year creates a seasonal buying pattern in crude oil beginning in January and usually ending around May 01. We'll discuss this in more detail later in the ...

Source: Moore Research Center, Inc. (MRCI) MRCI research illustrates crude oil's 15-year seasonal pattern (black line). Notice how prices tend to put in a seasonal low in mid-December.

The trading range holds. An impressive range given inventory reports. The pattern in products is positive. June 2017-June 2018 spreads are bullish. Oil is going nowhere fast. On Nov. 30, 2016 ...

Oil edged lower as signs of a softening crude market undercut broader strength across risk assets. Most Read from ...

US nationwide crude inventories, meanwhile, fell by 3.2 million barrels last week, although levels at the oil storage hub of ...

Seasonal Demand and Production Cuts Drive Oil Rally By Julianne Geiger - Jul 17, 2024, 6:00 PM CDT ...

To comprehend the significance of seasonal variations, it’s essential to first glance back in time. Historically, oil prices have exhibited distinct seasonal patterns.

"The seasonal pattern of less driving due to shorter days and crummy weather, combined with a lower oil cost, is driving gas prices lower," said Andrew Gross, AAA spokesperson.

Indeed, Goldman Sachs has slightly downgraded its oil price outlook to $75/bbl in the summer, down from its previous outlook of $80/bbl, while Bank of America commodities strategist Francisco ...

Key results showed that oil concentration in fruits began increasing about 30 days after pit hardening, reaching maximum values of 16% and 22% fresh weight (FW) in 2020 and 2021, respectively.