oil prices

Oil prices continue the trend we’ve seen for several months, where prices don’t deviate much week to week, holding in the low- to mid- $60 range.

Oil prices continue to creep lower, pushing fuel prices down. According to AAA, gas prices in Oregon, Idaho and Washington all slipped this week.

“Oil prices now rubbing up against multi-year lows as OPEC continues to churn out supply," said Patrick DeHaan is with Gasbuddy.com.

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.

For the past couple of months, it’s been one step forward, then one step back for oil prices.

Patrick DeHaan with Gasbuddy.com says oil prices are holding fairly steady, thanks to producer/consumer balancing act.

Oil prices really can’t determine where they want to go. Oil prices fell Friday as many traders looked toward weaker demand in the United States, as well as an anticipated boost in supply in the coming months thanks to OPEC.

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.