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...
For the second week of the new year, oil prices have moved higher. Patrick DeHaan with GasBuddy.com said this most recent trend started last week.
“The Biden administration issuing harsher sanctions on shipping companies and vessels that would operate and take sanctioned crude oil from countries like Iran and Russia and deliver it to countries like China and India," DeHaan noted. "Th
We’re only a week into the New Year, but oil prices have been moving for most of 2025. Oil prices were trading around $74 per barrel Monday, reporting some of the highest prices seen in several months. So, why the sudden jump in crude prices?
“Now there's som...