After last weeks flurry of activity, the U.S. base oil market is catching its breath this week, but with crude under $70, some are also scratching their heads.
Market sources note that supply continues to be very tight, and Motivas allocation program continues in place. Posted prices are unchanged this week.
At the close of the Tuesday, May 25, NYMEX session, front month light sweet crude oil futures ended the day at $68.75 per barrel, a loss of 66 cents from the week earlier settlement at $69.41/bbl.
Historic U.S. posted base oil prices and WTI and Brent crude spot prices are available for purchase in Excel format.