OPEC

Oil prices have been very dossal to start 2026. In early Tuesday trade, both West Texas Crude and Brent Crude were trading slightly higher; at $60 and $64 per barrel respectively.

It appears that oil prices will close 2025 slightly higher, week over week, but much lower than where prices started the year.

Oil prices remain fairly soft as we start December, and that’s thanks to international news.

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.

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.

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 moved higher in Monday’s trade, spurred primarily by OPEC’s recent announcement that it would increase production next month by over 400,000 barrels.  While that is a hefty increase, Patrick DeHaan with Gasbuddy.com said the announce...

Members of the media are reporting that OPEC could announce another bigger than expected production hike at its next meeting.  The goal, according to a new Reuters report, is OPEC is trying to kill the U.S. shale industry.  OPEC took aim at U.S. shale about a decade ...

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.   “...

After weeks of speculation, OPEC made it official this weekend, announcing they will restore oil production at a faster clip than expected.  Patrick DeHaan with Gasbuddy.com said the increased production will start in June.   “Raising production by over 400,000 barrels a day," DeHaan noted.  "OPEC has really b...