gasbuddy.com

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.

For the past several weeks, even several months, oil prices have held fairly steady, remaining in the mid-$60 per barrel range. But, thanks to OPEC’s increased production, that trend is no more.

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.

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.

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

Oil prices have moved higher over the past couple of weeks, but not for the reasons we’ve seen this year.

It should come as no surprise that trade has been one of the biggest pressures moving oil prices this year, but not the only one.

Oil prices have held steady for the past couple of months, thanks to economic news that seems to balance itself out; for everyone one story pushing oil prices up, we get another pulling those prices down.  However, things have changed to start this week, with oil prices moving up to the mid-$60 range for the first time in weeks. Patrick ...