With many investors confident that the worst of the banking situation is behind us, oil prices are moving higher. West Texas Crude prices increased roughly $4 in the past week, trading in the low-to-mid $70 per barrel range, which means gasoline prices are likely not far behind before moving up. Despite...
Oil prices continue to soften, not on news from China, not because of the on-going war in Ukraine, but concerns over the U.S. economy. Patrick DeHaan with GasBuddy said investors are concerned about everything from Wall Street to Main Street.
“...
The turbulent see-saw that is oil prices continues to move back and forth. Over the past week, West Texas Crude prices have moved lower, by slight amounts. Pattrick DeHaan with GasBuddy said the reason those prices have moved lower may have many people scratching their head.
“Good and ...
Oil prices climbed slightly over the past two weeks following the news that Russia is going to trim oil production in the months ahead. Patrick DeHaan with GasBuddy said while Russian oil is facing sanctions because of the invasion of Ukraine, that does not mean this production cut won’t impact international prices.
“Much ...
Oil prices continue the march higher we’ve seen through the first three weeks of 2023. West Texas Crude was up slightly in Monday’s trade, around $81 per barrel. Patrick DeHaan with Gasbuddy said there are several issues pushing oil prices higher, and tops on that list, China.
“Reopening its economy, the...
Oil prices started the new year moving up slightly. West Texas rose roughly 3% in Monday’s trade to $76 per barrel. Patrick DeHaan with GasBuddy said it's been a bumpy start to the year.
“Oil prices still a bit lower than what they were a week ago, but oil prices in full rally mode today with China giving us strong indication of a full reopening happening.”
DeHaan said investors don’...
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Oil prices have inched a little higher in the past week, rebounding from the lowest prices we’ve seen in roughly a year. A barrel of West Texas was up roughly $2 in Monday’s trade, hovering around $75. And while that is higher week-over-week, Patrick DeHaan with GasBuddy noted that’s still one of the lowest prices we’ve seen in 2022. DeHaan noted the recent swing higher in o...
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’...
Thanks to international issues and pressures, oil prices have been fairly volatile over the past couple of weeks. Patrick DeHaan with GasBuddy said the price for a barrel of West Texas Crude fell last week, thanks to China’s zero COVID policy, which locked down the 2nd largest economy in the world.
Howeve...