oil prices

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 past couple of weeks, oil prices have held fairly steady at an elevated level, thanks to a variety of variables.  Patrick DeHaan with GasBuddy.com said one of the biggest issues on the minds of investors right now, is the 25% tariffs against Mexico and Canada that kicked in Tuesday.   “...

Oil futures moved higher Monday, after the United States imposed fresh sanctions on Iran.  The U.S. new sanctions on more than 30 brokers, shipping companies and tanker operators for their role in transporting Iranian oil.  According to Reuters, ...

Oil prices were holding steady, to up slightly in early Tuesday trade, following Monday’s jump higher, thanks to a drone attack on a pipeline reducing flows from Kazakhstan.  Both West Texas and Brent crude were trading slightly higher in Tuesday’s trade, at around $71 and $75 per barrel respectively.  CNBC noted the dron...

Tariffs against Canada and Mexico have been paused through the rest of this month, and if you believe that means the oil markets are quiet, you would be mistaken.  Oil prices in early Monday action were trading slightly higher, but still in the $72 a barrel range.  Patrick...

After weeks of promise, the Trump Administration announced tariffs against Mexico and Canada of 25% this weekend, plus an additional 10% tariffs against China.  While the tariffs were expected, it was still a shock to investors, with the Dow shedding over 500 points in early trade.  Oil pri...

Patrick DeHaan with Gasbuddy.com says oil prices have been all over the map this month as Washington D.C. transitions from one Administration to another.   “ President Trump, we've seen a lot of volatility and policies. We've seen some big movements in the price of oil,' DeHaan said.  "Oil pri...

Oil prices were lower in early Tuesday trade, as investors, and the world, try to ingest President Trump's plans to apply new tariffs later than expected while boosting oil and gas production in the United States.  West Texas Crude was trading around $75 per barrel in early hours, down more than 2%.  Brent C...

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...