oil prices

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...

It’s been a downward week for oil prices, with prices dropping roughly $10 per barrel in the past seven days.  West Texas Crude was trading in the mid-$60 range in Monday’s action.  Patrick DeHaan with GasBuddy said last week, oil investors were concerned about the health of the U.S. economy.  He noted that conc...

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.   “...

Oil prices giving up some of the gains that were made last week, trading slightly lower, just below $80 per barrel in Monday’s action.  Patrick DeHaan with GasBuddy said the Chinese economy is tamping down on those prices, after last week’s mini rally.  DeHaan noted that c...

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 ...

Despite oil prices holding or even slipping, fuel prices continue to move higher across the United States, a trend that started in late December.  West Texas crude traded lower in Monday’s action, down by a little more than 1%, coming in at $77 per barrel.  But gasoline ...

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...

Recession fears dominated the headlines out of the World Economic Forum's meeting in Davos.  Those headlines continue to chip away at the optimism that stoked the market last week on prospects that fuel demand would increase in China.  The U.S...

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’... Read