Fuel Flash – May 2020
May 4, 2020
As part of the sharp decline that began in January, oil prices set another somber record in April when they
Oil prices began February at $73/barrel. After an initial announcement of tariffs on imports from Canada and Mexico, t…
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Read moreAs part of the sharp decline that began in January, oil prices set another somber record in April when they
The sharp decline for oil prices that began in January has accelerated through March. Prices declined by about 60% during
Oil prices began to show some potential to recover in early February following their sharp drop in January. However, by
Oil prices dropped sharply and unexpectedly in two stages during January. Prices declined by 16% from the start of the
Oil prices continued climbing higher throughout December, gaining over 10% to close the month and year at $61 per barrel.
Oil prices slowly climbed higher throughout November but gave back most of their gains at the end of the month.
SOKOLIS GROUP WINTER FUEL TIPS Replace fuel filters at manufacturer recommended intervals. Particles in the filter make it easier for
Oil prices traded in a very narrow range during most of October following a short period of significant volatility during
During February 2019, oil prices traded in a narrow range during the first 10 days, then began climbing for the
As 2019 got underway, fuel prices started to rebound after rapidly declining during the fourth quarter of 2018. January prices
For the third consecutive month, crude oil prices continued their steady decline throughout December. Prices closed the month at just
The collapse of crude oil prices continued throughout November as they fell 20% compared to the beginning of the month.
Crude oil prices tumbled by almost 13% during October. They peaked very early in the month at just over $76/barrel
Crude oil prices traded in a narrow range near $70/barrel for most of September then started rising quickly toward the
During August, crude oil prices started the month near $70/barrel but fell toward $65 by the middle of the month.
Crude oil prices opened July slightly over $74/barrel following a rapid increase after OPEC’s meeting near the end of June.
Crude oil prices traded in a narrow range near $65/barrel for most of June leading up to the OPEC meeting
Crude oil prices continued climbing throughout May and then lost momentum near the end of the month. Despite the setback,
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