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There is hope on the international scene that the United States and Iran may finally have a peace deal. That pushed oil prices lower to start this holiday week.

It appears that oil prices will close 2025 slightly higher, week over week, but much lower than where prices started the year.

Oil prices remain fairly soft as we start December, and that’s thanks to international news.

Patrick DeHaan with Gasbuddy.com said talk of a potential peace deal between Ukraine and Russia, brokered by the United States encouraged oil prices to dip.

Oil prices continue the trend we’ve seen for several months, where prices don’t deviate much week to week, holding in the low- to mid- $60 range.

Once again, oil prices not moving much from the low to mid-$60 per barrel range. It’s a trend we’ve seen for several months.

The U.S. and India are stepping up talks to resolve their trade tensions, with two separate teams of officials meeting in New Delhi this week.

Oil prices have traded lower for much of the past 96 hours, due primarily to growing optimism that an end to Russia’s war in Ukraine may be in sight.

As we slog through the dog days of summer, oil prices are surprisingly stable, moving very little over the past week plus.

After staying in the low- to mid-$60 per barrel range for the past several weeks, oil prices jumped up north of $70, thanks to the back-and-forth airstrikes between Israel and Iran.  Patrick DeHaan with Gasbuddy.com said this is the latest in a long list of issues that investors have had to digest this year, including tariffs, trade wars, and Russia/Ukraine.   “...