Articles tagged under: crude oil
Crude Prices Reach Ten-Month High
Published September 15, 2023
Crude oil prices have topped $90 per barrel, which is a ten-month high. Advance Trading Risk Management Advisor Tommy Grisafi said there is some positive news for the farmer with the high energy prices. "For the average consumer, it stinks,"…Surging Oil Demand
Published January 18, 2023
The International Energy Agency is forecasting record oil demand this year. This demand is linked to China reopening its economy following COVID-related shutdowns. The IEA expects oil demand to total 1.9 million barrels per day. That’s up nearly 200,000 barrels…$100 Crude Likely
Published December 21, 2022
A Brazilian investment bank, BTG, is forecasting crude oil prices to push back over $100 per barrel. Demand will increase with China easing its COVID-related lockdowns and strong U.S. activity. BTG says it won’t be easy to increase oil supplies…Crude Market
Published December 6, 2022
Crude oil prices have been active. With the United States likely transitioning into a recession, global oil demand is expected to remain cautious. China is also easing its stringent COVID-19 policies, which should increase demand. The OPEC nations kept their…Agriculture Squeezed by Fuel Costs
Published July 9, 2022
Diesel prices are more than twice the level paid before 2020. American Farm Bureau Federation Economist Shelby Myers says supply and demand are playing catch-up after world disruptions. "What makes this situation more difficult this year is that the U.S.…Consider Locking In Fuel Needs
Published November 29, 2021
The U.S. Department of Energy released 50 million barrels of oil from the nation’s strategic petroleum reserve to address high gas prices and supply and demand challenges. Total Farm Marketing Senior Market Advisor Naomi Blohm says the crude oil market…What’s Hot, What’s Not in the Markets
Published October 11, 2021
Crude oil has hit $82 per barrel. Cash grain markets remain strong. In this week's edition of What's Hot, What's Not in the Markets, Advance Trading RIsk Management Advisor Tommy Grisafi also outlines the latest news regarding supply chain disruptions.Crude Oil Prices Push Higher
Published October 6, 2021
Crude oil prices continue to increase. Total Farm Marketing Senior Market Advisor Naomi Blohm says that’s just another part of the increase in input costs for farmers right now. "It doesn't look like we'll see relief from that soon." Spot…Crude Reaches Seven-Year High
Published October 5, 2021
OPEC and Russia have agreed to gradually increase oil production by 400,000 barrels a day through 2022. That’s far below what many traders had expected. The decision sent oil prices sharply higher with West Texas intermediate crude now trading over…