Ukraine

Oil prices climbed past 80 dollars a barrel after the U.S. resumed strikes on Iran, but diesel prices in Washington, Oregon, and Idaho actually dipped slightly at the pump.

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.

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.

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.

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.   “...

Oil prices moved higher in Monday’s trade, spurred primarily by OPEC’s recent announcement that it would increase production next month by over 400,000 barrels.  While that is a hefty increase, Patrick DeHaan with Gasbuddy.com said the announce...

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.   “...