Alls quiet on the oil front, that according to Patrick DeHaan with Gasbuddy.com. He noted geopolitical issues have simmered down substantially, meaning all eyes are on OPEC and their production increases.
The seesaw action of oil prices continues, as West Texas and Brent traded slightly higher in Tuesday morning's action; $62 and $65 per barrel respectively. Patrick DeHaan with Gasbuddy.com said oil prices remain challenged compared to where they started the year.
“...
Iran, Venezuela, peace talks between Ukraine and Russia, and the struggling Chinese economy, there's lot for investors, specifically oil investors to focus on these days. Patrick DeHaan with GasBuddy.com said that’s been the pattern for the oil community for the past two months.
“Essen...
Oil prices continue their downward trend. West Texas Crude was down to $65 per barrel in Monday’s trade, while Brent Crude was trading around $66 per barrel, a nearly 2% decrease for both. Patrick DeHaan with Gasbuddy.com says not only ha...