global economy

West Texas Crude traded around $71 per barrel in last week’s trade, the lowest level we’ve seen in roughly a year.  Patrick DeHaan with GasBuddy said the economic uncertainty that has pushed oil prices lower for the past two-plus months continues to weigh on the minds of investors.  He said while there’...

"Oil prices this morning have plummeted down to about $75 a barrel the lowest level since Russia's invasion of Ukraine back in February that has pushed gasoline and diesel prices down," said Patrick DeHaan with GasBuddy.  He added fuel prices have tumbled considerably over the past couple of weeks, resulting in relief at the local station.  He said ther...

Oil prices fell on Monday, paring gains after rising to more than two-month highs, on mixed signals over China, the world's top crude importer, potentially relaxing its strict COVID-19 restrictions.  West Texas crude dropped to $91 per barrel at Monday’s close, after jumping up to over $93 at one point Monday; the highest West Texas price we’ve seen since August 30th.   Prices climb...